Min Mortgage Threshold

james_williamson_6544

Hello
What is the usual minimum mortgage threshold for lenders? 
For example is there an amount below which remortgage becomes difficult, or is there a LTV below which we can't remortgage and have to move to SVR of existing lender?
What strategies are normally used to circumvent these restrictions - longer fixed term deal ?

LRmortgage

Every lender had their own criteria and it’s almost impossible to give you any thoughts without knowing your basic numbers... 

property value and mortgage amount would be helpful based on your query... of course income etc will also come a factor. 

james_williamson_6544

Loan: 79,400

Prop Value: 155,000

Fixed Rate: 1.94% for the next 8 months

Gross Salary Range: 60-75,000

[Deleted User]

79k will be fine for most lenders.   Specialist lenders back away around £50k and most prime lenders will hp to £25k.  Some have no limits.

Just get yourself to a lender that has history of offering same rates to existing and new customers so you don't have to remortgage away quite as often in the last few years

james_williamson_6544

Thanks for the insight. 
My remortgage need arise from end of fixed term. 
It appears that at end of this fixed deal, next time I should look for longer term fixed rate to avoid getting no remortgage options.