My house value has risen strongly - can I get a better deal on my mortgage with a variable rate?

[cheenbeen]

I have been lucky enough that the house I bought a few years back has risen significantly...Maybe close to double its original value. I have a variable mortgage but now that my Loan to Value is better should the additional equity I have in my home mean I could get a better deal from the lender??

 

[elcato]

Depends on the lender. You should post up the lender, the interest rate, the current value of the house and the amount left to pay on the mortgage and you will be advise on the next step. If the lender does not allow you to change bands then you can switch the mortgage.