Hi all
I'm sorry if this question has already been answered somewhere. I have a mortgate with Santander, the current deal ends in July, so I'm starting to look for new deals. I've spoken to someone at a bank and he's worked out that we are on about 82% LTV, based on the mortgage we took out (128000, now owe 105000), he suggested that if we revalued the house and it was valued at 131000 or above then we'd qualify for better rates as we'd go to the 80% LTV bracket. I'd not even considered doing this to get a new deal, I just assumed we'd use the 128000 value we had the original mortgage for. So is getting the house revalued the right thing to do?
Thanks all :)
I'm sorry if this question has already been answered somewhere. I have a mortgate with Santander, the current deal ends in July, so I'm starting to look for new deals. I've spoken to someone at a bank and he's worked out that we are on about 82% LTV, based on the mortgage we took out (128000, now owe 105000), he suggested that if we revalued the house and it was valued at 131000 or above then we'd qualify for better rates as we'd go to the 80% LTV bracket. I'd not even considered doing this to get a new deal, I just assumed we'd use the 128000 value we had the original mortgage for. So is getting the house revalued the right thing to do?
Thanks all :)