If you believe that your property’s value has changed since you took out your mortgage, then we will be happy to consider your new estimated value as part of your request for a mortgage switch. However, this will change the Loan to Value (LTV) figure.
If the new LTV changes the interest rates you are eligible for, we will require a re-valuation to be completed for a non-refundable fee of £120. Following a re-valuation we will base the switch on the survey figure, which may not match your estimate. If there is no change to the interest rates you are eligible for based on your estimated valuation, we will process the switch without the need for a new survey or survey fee.
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