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Retention product
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Stuey1980
Posts: 43 Forumite
Will a retention product consider the current value of a property or will it only consider the initial value?
I have a 6% deal ending soon reverting to SVR of 2.5 (woohoo!). I don't know if a retention product, remortgage or staying on the SVR will be best at the moment so want to make sure I understand each option fully. This is the only thing I am unsure of. Thanks in advance.
Stu
I have a 6% deal ending soon reverting to SVR of 2.5 (woohoo!). I don't know if a retention product, remortgage or staying on the SVR will be best at the moment so want to make sure I understand each option fully. This is the only thing I am unsure of. Thanks in advance.
Stu
0
Comments
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Who is your lender?
Many will take an estimated value based on a house price index.
Switching off a 2.5% SVR may mean losing that SVR forever. So keeping it and overpaying should be an option to consider.0
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