Nationwide product switch - LTV calculation

muhandis

Hi,

The 2 year fix on my Nationwide mortgage is about to end in a few months and I'm looking to switch products and stay with them on another 2 year fix.

I have a bit of leeway with respect to how much I can overpay before the current fix ends and so want to try and get below 70% LTV when I fix again, if that is indeed practical.

I'd like some help with a query I have please. Assuming I do an online non-advised product switch, for the LTV calculation, do NW keep the value of the house the same as at purchase or do they revalue it using their house price index?

Thanks,

K

kingstreet

Have a look here;-

http://forums.moneysavingexpert.com/search.php?searchid=171570708

muhandis

That's giving me 'Sorry - no matches. Please try some different terms.'

kingstreet wrote: »

Have a look here;-

http://forums.moneysavingexpert.com/search.php?searchid=171570708

kingstreet

That was a search for Nationwide, valuation and product transfer.

I've bumped the threads for your attention instead.

muhandis

Many thanks, that's very helpful!

Happy to see that NW bump up the price using their index. That means it is looks doable for me to come in slightly under 70% with only a little bit of overpaying. Not a huge difference (1.29% to 1.24%) but still something.

kingstreet wrote: »

That was a search for Nationwide, valuation and product transfer.

I've bumped the threads for your attention instead.

TwentySomethingGirl

Hi

I did a product switch with Nationwide in December and they calculated the property value using their house price index. Some call it a desktop valuation. If you give them a call and ask what value they have for your property they should tell you.