But the bank aren't happy to lend at a higher ltv, otherwise he wouldn't be looking for a new lender. IE he needs 90k to make up the shortfall.
When it happened to us, we could have covered the shortfall but the higher LTV meant a higher interest rate so we got it revalued.
@brokenbetty started
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But the bank aren't happy to lend at a higher ltv, otherwise he wouldn't be looking for a new lender. IE he needs 90k to make up the shortfall.