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New fix with the same lender

I know it doesn't always get you the best deal, but if you get a new fix with the same mortgage lender when your first one ends, do they ever want to do affordability/credit/eligibility checks or property valuations? What I've seen online suggests they don't usually, but just wanted to see if that is still the case these days. Not due to fix again for a few years, just curious so I can weigh things up for when the time comes.

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    No checks if you apply online. Regulations determine that where lenders are deemed to be providing advice, they conduct checks to cover their own backsides. 
  • MWT
    MWT Posts: 10,784 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    They will not automatically conduct a new valuation either, but they will usually adjust the original valuation using an index to reflect how prices have moved.
    You will have the option to pay for a new valuation if you feel your specific circumstances would give you a high enough increase in value to drop down to a cheaper LTV bracket.
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