If you have an offset mortgage/current account mortgage etc., and say you get a valuer to value your house a few years after you move in and its all matured etc. etc., and the valuation means that your LTV is now 60% or less (taking into account the NET mortgage), will the bank play ball in this situation or will they say that you could go off and spend the money in the current account and throw the LTV up again?
If such was the argument then I suppose can offset funds permanently against loan (loss of flexibility but no net change).
Are banks generally very picky re valuations, if the valuations are being used to negotiate better terms on lower LTV (would be using one of banks "panel")??
If such was the argument then I suppose can offset funds permanently against loan (loss of flexibility but no net change).
Are banks generally very picky re valuations, if the valuations are being used to negotiate better terms on lower LTV (would be using one of banks "panel")??