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Nationwide Mortgage Deal Ending
Dan:_4
Posts: 3,795 Forumite
Hi Guys,
After a quick bit of advice if I may:
I will be in the final 3 months of my 2 year fixed rate with Nationwide soon. I started off with a 90% LTV but given the rise in house prices in my area and the amount of home improvements I should now be around 70%-75%.
During the online process to switch deals will Nationwide automatically revalue my house at todays prices or will new products offered still be based on the original purchase price?
After a quick bit of advice if I may:
I will be in the final 3 months of my 2 year fixed rate with Nationwide soon. I started off with a 90% LTV but given the rise in house prices in my area and the amount of home improvements I should now be around 70%-75%.
During the online process to switch deals will Nationwide automatically revalue my house at todays prices or will new products offered still be based on the original purchase price?
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Comments
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If the same as Halifax, it goes on todaysDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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Yes - they calculate the current value of your house (there is a house price indicator on their website where you can do it yourself). It just goes by the region. If you think it is wrong in your case (e.g. if you think your house has risen more than the regional average) then I think you can pay for a new valuation to be done.0
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Thanks. That is very helpful. Hopefully we will be able to save a few quid each month by getting a lower rate thanks to the LTV reducing.0
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