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Pdh LTV change

  • 12-05-2022 5:28pm
    #1
    sallytree
    Registered Users Posts: 12 ✭


    I was redoing my home insurance and checked my mortgage.

    I discovered my LTV has been below 50% for some years now, I have 2 questions.

    Should the bank notify me if lower LTV rates are available like they do time to time with fixed rate offers?

    When did pdh become a thing or has it always been there as I don't see it mentioned on some of my old statements.

    Thank you



Comments

  • #2
    [Deleted User]
    Posts: 3,505 ✭ [Deleted User]


    For most banks, if you want a lower LTV rate it's up to you to get a revaluation to prove it, since value can change over time. There are some exceptions.

    I got mine revalued and I think the report was only valid for 6 months, so if I'd wanted a lower LTV recognised in 6 month's time, it's up to me to get a new revaluation to prove it.

    Banks do have to let you know what rates are available, but I dont think they've any obligation to monitor your LTV.



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