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remortgaging questions
kezzygirl
Posts: 999 Forumite
Hi everyone,hope someone can point me in the right direction with a few questions I have about remortgaging.
Our mortgage is due to expire in May 2020, we are currently with nationwide paying 3.64% (ouch). So I am keen to obtain a lower rate.
I have read that if you change provider we will have to pay solicitor fees etc, however if we stayed with nationwide, would this not happen? Would we just switch to their better deal? Will they revalue the property and use this as a basis for better loan to value?
We originally obtained a 171000 mortgage, on a 180000 house. The house value has increased slightly and there is 168000 left to pay. If for example the house is now worth 200k, would that give use a better loan to value or could we just obtain a mortgage for 168k and straight swap our deal?
Would we need credit checks etc again? And assessment of affordability?
Thankyou for your help,kez
Our mortgage is due to expire in May 2020, we are currently with nationwide paying 3.64% (ouch). So I am keen to obtain a lower rate.
I have read that if you change provider we will have to pay solicitor fees etc, however if we stayed with nationwide, would this not happen? Would we just switch to their better deal? Will they revalue the property and use this as a basis for better loan to value?
We originally obtained a 171000 mortgage, on a 180000 house. The house value has increased slightly and there is 168000 left to pay. If for example the house is now worth 200k, would that give use a better loan to value or could we just obtain a mortgage for 168k and straight swap our deal?
Would we need credit checks etc again? And assessment of affordability?
Thankyou for your help,kez
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"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
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