Hi all,
I am looking at getting mortgage rate reduced with a LTV rate which requires a valuation of the house.
If the valuation is much greater than when we bought house a few years ago (and what revenue estimated as the value) it will be good for our mortgage LTV, but then are we obliged to use this new valuation for LPT purposes, and so need to factor in an increase in LPT negating some of the reduction in mortgage?
I am looking at getting mortgage rate reduced with a LTV rate which requires a valuation of the house.
If the valuation is much greater than when we bought house a few years ago (and what revenue estimated as the value) it will be good for our mortgage LTV, but then are we obliged to use this new valuation for LPT purposes, and so need to factor in an increase in LPT negating some of the reduction in mortgage?