Hi all,
Consider: Home purchased a few years ago with a 92% mortgage. Since then, the value of the house has gone up so much so that the LTV has dropped into the 50-80% or possibly the <50% rate. How would one go about it?
i) Switcher Mortgage: but there is a cost for conveyancing. Any other costs?
ii) Can one refine the terms of the mortgage i.e. not switch, stay with the same bank, provide a number of valuations to the house etc. Without the cost.
Love to hear opinions.
Thanks
Consider: Home purchased a few years ago with a 92% mortgage. Since then, the value of the house has gone up so much so that the LTV has dropped into the 50-80% or possibly the <50% rate. How would one go about it?
i) Switcher Mortgage: but there is a cost for conveyancing. Any other costs?
ii) Can one refine the terms of the mortgage i.e. not switch, stay with the same bank, provide a number of valuations to the house etc. Without the cost.
Love to hear opinions.
Thanks