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  1. #1
    Join Date
    Apr 2018
    Posts
    260

    Default What Mortgage type used for LEM additional rates?

    When somebody borrows over 80%, you get the LEM .3%. .75% etc added depending how much you are borrowing.

    Which loan type is used, a standard variable rate or can the borrower choose a fixed rate?

    This is for owner occupied with view to using as investment long term (once it is paid off)

  2. #2
    Join Date
    Apr 2018
    Posts
    260

    Default

    The person in question got a 95% approval but will only need 85%, so they should pay off the 5% extra fast.


 

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