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can mortgage be "reviewed"/"revalued" during fixed period
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firangi
Posts: 5 Forumite
Hi
I am planning for an extension (+ sq m) to my house in next 1-2 years, which would certainly increase the value.
if I happen to be on FIXED period mortgage whilst the extension is completed, would I be able to request the existing lender to revalue the house, within the fixed term (and effectively lower the monthly mortgage payment)?
Thanks
F
I am planning for an extension (+ sq m) to my house in next 1-2 years, which would certainly increase the value.
if I happen to be on FIXED period mortgage whilst the extension is completed, would I be able to request the existing lender to revalue the house, within the fixed term (and effectively lower the monthly mortgage payment)?
Thanks
F
0
Comments
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You could. However there would be an early redemption fee to exit the existing product. Which would more than likely erase any benefit from doing so.0
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