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Halifax price index
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diggingdude
Posts: 2,492 Forumite
Hello I'm wondering if anyone can advise. Coming into the last year of mothers fix with Skipton. She is a bit confused with her ltv, I looked at mine and similarly confused at first. My LTV gave me 30% equity, 30/70 when I was expecting 22/78 approx. Spoke to them and they use the Halifax price index to work out LTV. If I looked to renew with Skipton I'm guessing they would offer renewal deals on the LTV they say I have at the time on my account following Halifax price index? A new provider would likely do their own valuation?
Does that make any sense? Sorry this is my first mortgage so not been through renewal yet and my dad used to deal with parents one but trying to help her out.
Does that make any sense? Sorry this is my first mortgage so not been through renewal yet and my dad used to deal with parents one but trying to help her out.
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