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first direct offset help please
kate83
Posts: 290 Forumite
Hi,
I'm thinking of remortgaging with first direct (offset) and I think I'll be quite close to the 65% LTV borderline - it depends mainly on how much the house is valued at.
If I got a mortgage at the 75% rate would I have to reapply to get the 65% rate or does it drop automatically?
It's the first time I've re mortgaged so I'm a little unsure of the process. Will first direct arrange the valuation? Do I apply for the mortgage first or does it get valued first?
I'm thinking of remortgaging with first direct (offset) and I think I'll be quite close to the 65% LTV borderline - it depends mainly on how much the house is valued at.
If I got a mortgage at the 75% rate would I have to reapply to get the 65% rate or does it drop automatically?
It's the first time I've re mortgaged so I'm a little unsure of the process. Will first direct arrange the valuation? Do I apply for the mortgage first or does it get valued first?
0
Comments
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FD should arrange the valuation for a price. I would expect the mortgage rate to drop as the loan to property value drops but one of the great things about FD is that you can always call them for advice.
If I were to re-mortgage FD would be my provider of choice.Value-for-money-for-me-puhleeze!
"No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio
Hope is not a strategy
...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!0 -
I would check with them on any penalties and how long before you can change(Barclays was 2 years on their totaly fee free deals when we got ours).
The change would be done using the current deals at the time so the fees and rates could have changed by then.0
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