Mortgage Deal coming to an end

jag50

Good Morning

So our current mortgage deal is in 2 parts (we moved house and borrowed extra). The original part deal has finished and is on variable. The second part finishes in June. Apparently I can change in march with current supplier. Looking at their deals avail currently I can get cheaper deal elsewhere which will mean holding out until June. Since moving into the house we have improved it loads. We have had a new roof, new windows and doors and improved the kitchen (and decorated everywhere).

My question is - Should I get a valuation from Estate Agent before I look at other mortgage deals?

Hope this makes sense.

Thanks in advance

L

K_S

@jag50 You can usually pay for a valuation even if you intend to stay with the current lender. Do make sure you're taking into account the costs of being on SVR for another 3 months plus costs of remortgaging if you intend to hold out until June.

RelievedSheff

jag50 said:

Good Morning

So our current mortgage deal is in 2 parts (we moved house and borrowed extra). The original part deal has finished and is on variable. The second part finishes in June. Apparently I can change in march with current supplier. Looking at their deals avail currently I can get cheaper deal elsewhere which will mean holding out until June. Since moving into the house we have improved it loads. We have had a new roof, new windows and doors and improved the kitchen (and decorated everywhere).

My question is - Should I get a valuation from Estate Agent before I look at other mortgage deals?

Hope this makes sense.

Thanks in advance

L

I wouldn't use an estate agents valuation for remortgaging purposes. Estate agents tend to value high to get your custom. Valuers for the mortgage company will tend to air on the side of caution as they are looking after the banks interests.