Mortgage advise

danadanny

I recently received a letter from Standard Life saying that my fixed rate deal is ending soon and will be transferring to their SVR.

From previous correspondences, I understand that their SVR is 5.34%.

However, in this recently letter, they decided to slap another 0.2% on top of their SVR without explaining why.


I rang to find out and the reason give was I have LTV of more than 90%. Is this legal/allowed??

Raggs_2

Afraid I haven't got a clue about the legality of it, but surely you could ask for a valuation for them to prove that the LTV is higher than 90%?

But again, no expert here.

VIGILANT22

SL's SVR does go by LTV

danadanny

Thanks, Raggs.

Intend to get an independent valuation. Any ideas where I can find one?


Thanks.

Raggs wrote: »

Afraid I haven't got a clue about the legality of it, but surely you could ask for a valuation for them to prove that the LTV is higher than 90%?

But again, no expert here.