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  • FIRST POST
    • muhandis
    • By muhandis 15th Mar 17, 8:52 AM
    • 308Posts
    • 127Thanks
    muhandis
    Nationwide product switch - LTV calculation
    • #1
    • 15th Mar 17, 8:52 AM
    Nationwide product switch - LTV calculation 15th Mar 17 at 8:52 AM
    Hi,

    The 2 year fix on my Nationwide mortgage is about to end in a few months and I'm looking to switch products and stay with them on another 2 year fix.

    I have a bit of leeway with respect to how much I can overpay before the current fix ends and so want to try and get below 70% LTV when I fix again, if that is indeed practical.

    I'd like some help with a query I have please. Assuming I do an online non-advised product switch, for the LTV calculation, do NW keep the value of the house the same as at purchase or do they revalue it using their house price index?

    Thanks,

    K
Page 1
    • kingstreet
    • By kingstreet 15th Mar 17, 9:11 AM
    • 31,115 Posts
    • 16,595 Thanks
    kingstreet
    • #2
    • 15th Mar 17, 9:11 AM
    • #2
    • 15th Mar 17, 9:11 AM
    Have a look here;-

    http://forums.moneysavingexpert.com/search.php?searchid=171570708
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • muhandis
    • By muhandis 15th Mar 17, 9:14 AM
    • 308 Posts
    • 127 Thanks
    muhandis
    • #3
    • 15th Mar 17, 9:14 AM
    • #3
    • 15th Mar 17, 9:14 AM
    That's giving me 'Sorry - no matches. Please try some different terms.'


    • kingstreet
    • By kingstreet 15th Mar 17, 9:36 AM
    • 31,115 Posts
    • 16,595 Thanks
    kingstreet
    • #4
    • 15th Mar 17, 9:36 AM
    • #4
    • 15th Mar 17, 9:36 AM
    That was a search for Nationwide, valuation and product transfer.

    I've bumped the threads for your attention instead.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
    • muhandis
    • By muhandis 15th Mar 17, 9:38 AM
    • 308 Posts
    • 127 Thanks
    muhandis
    • #5
    • 15th Mar 17, 9:38 AM
    • #5
    • 15th Mar 17, 9:38 AM
    Many thanks, that's very helpful!

    Happy to see that NW bump up the price using their index. That means it is looks doable for me to come in slightly under 70% with only a little bit of overpaying. Not a huge difference (1.29% to 1.24%) but still something.

    That was a search for Nationwide, valuation and product transfer.

    I've bumped the threads for your attention instead.
    Originally posted by kingstreet
    Last edited by muhandis; 15-03-2017 at 9:44 AM.
    • TwentySomethingGirl
    • By TwentySomethingGirl 15th Mar 17, 10:16 AM
    • 108 Posts
    • 288 Thanks
    TwentySomethingGirl
    • #6
    • 15th Mar 17, 10:16 AM
    • #6
    • 15th Mar 17, 10:16 AM
    Hi

    I did a product switch with Nationwide in December and they calculated the property value using their house price index. Some call it a desktop valuation. If you give them a call and ask what value they have for your property they should tell you.
    Mortgage £126746 DEC14 £122423.53 DEC15 £115041.70 DEC16
    MFW2017 #85 £837.20/£2500 12K IN 17 #85 £2200/£12000
    MFW2016 £3614.63/£2500
    MFW2015 £811.60/£1200
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