HSBC remortgage

thomasdown

Hi all,

Some advice from the guru's if possible or guidance if you like. When our fixed rate is up (1st remortgage) I know we go on to the SVR which is currently 3.94pc. We were on 4.64 so a saving:j

Anyway good news is we believe we will be in the 60% LTV due to extensive work on house (rear extension, another bathroom added) we started on 85%. (Don't worry this was all paid with savings, when saving for deposit etc)

What happens with HSBC our current provider obviously they will want to check house value is accurate. Will a new application have to be submitted to go onto another deal. 70% LTV - 5 year fix at 3.29pc looks very appealing (no plans to move)

New application won't be an issue if needed. No debt been accrued since 1st mortgage.

Just looking for information on what happens? Will they ask us to go see mortgage advisor in branch?

Or is it best to move provider? Any advice appreciated.

Regards

Tom

dimbo61

You need to get the best deal for YOU!
Start with existing deals your current lender offers by either checking online or ringing the mortgage center.
Now ask what do they value your property acording to the COMPUTER!!
My lender recently gave me a very low figure but for £70 we could have a new valuation !!! Cheap money as a Surveyor would cost £400/500.
Once you have a starting point you can either use a broker or look yourself at other lenders and see what they have to offer!!
Some offer free legals, free valuation, low fees etc to remortgage to them if you have a good LTV