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  • Sorry if this is a dumb question but haven’t remortgaged before

    Does the value of our house matter when remortgaging? It’s likely to have gone up since we bought it but not sure if this makes any difference (eg ltv)

  • Yes it will do.

    Lender will probably do a desktop valuation rather than a full one but if values have gone up, mortgage can get cheaper as a result of better LTV.

  • It will make a difference but bands are pretty broad (generally every 10%) and after a certain percentage (maybe 60%) don't make much difference so worth considering whether you may be on one of those boundaries.

    They've got a broad brush index that they apply to reflect an average uplift but if you have had significant work done they may send a surveyor round.

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