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When to start looking and LTV
RubyBish
Posts: 145 Forumite
My current fixed rate finishes at the end of October. I have just received a call from our original mortgage broker. Is it too early to start looking for and agreeing a new mortgage?
Also am I right in thinking that the LTV criteria is down to the mortgage providers discretion?
I had assumed that it was based on the valuation, however when we took our last mortgage it was based on the purchase price even though their valuation was higher.
Also am I right in thinking that the LTV criteria is down to the mortgage providers discretion?
I had assumed that it was based on the valuation, however when we took our last mortgage it was based on the purchase price even though their valuation was higher.
0
Comments
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I would start to look now, things will only be worse in a few months time.
The LTV is based on the valuation. Bear in mind on a remortgage the valuer works for the lender, so they will probably be conservative with the figures.0
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