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London&Country question

Hi there, my fixed deal is ending in Oct and L&C are fixing me up with a woolwich fixed rate. (6.29%, not great but then i need a high income multiple -4-5)
I just want the mortgage offer and the rate guarentee at the moment to keep my options open until I have to commit closer to Oct. L&C say they have to do a valuation (£325) on the property now to process just the offer. Is this right? I don't want to pay this cash just yet as a better deal might come along.
Any advice welcome as to if this is standard stuff. I can't remember having to do this before.

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Some deals have free valuations, some don't. Clearly this one isn't so you'll have to pay the val fee.
    For high income multiples you could also look at Abbey (if you credit score well).
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