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mortgage applications
jrs101
Posts: 286 Forumite
Hi,
I need some advice.
My current deal ends on 31 aug (5.79%) ends in a few months away. The svr will be 4.99%. My ltv is 85%
I've applied for a first direct offset 4.09% 3YF and paid the booking fee of £99. but am concerned about being turned becasue the valuation will be too small and thus I wont fit into their LTV criteria.
So, my concerns are:
Can i challenge the valuation if its too low? (i know there is a thread on this)
If i am turned down - will the chances of applying for another mortgae be scuppered due to the fact that First direct did a recent credit search for this application?
Do you have to wait between mortgage applications for this reason?
many thanks for any advice
I need some advice.
My current deal ends on 31 aug (5.79%) ends in a few months away. The svr will be 4.99%. My ltv is 85%
I've applied for a first direct offset 4.09% 3YF and paid the booking fee of £99. but am concerned about being turned becasue the valuation will be too small and thus I wont fit into their LTV criteria.
So, my concerns are:
Can i challenge the valuation if its too low? (i know there is a thread on this)
If i am turned down - will the chances of applying for another mortgae be scuppered due to the fact that First direct did a recent credit search for this application?
Do you have to wait between mortgage applications for this reason?
many thanks for any advice
0
Comments
-
Wait and see what FD say and hope the valuation is for less than 85%
If they do turn you down then time to see a broker0
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