Posting here for traffic (really boring mortgage post, sorry!). We bought our house as first time buyers and have been with the same bank ever since, so I’m a bit clueless!
Our fixed rate runs out in a few months and I’ve looked online and we could save £80 a month with another lender (decent high street bank one, not a company I’ve never heard of). However, they’d want to do a valuation and we have some cracks in the house and exterior (including one huge one because there was no expansion joint in the extension) - builder has checked them out and it’s nothing serious, but I’m really worried that when it came to a valuation it would cause issues and we’d potentially be rejected for the mortgage.
My gut feeling is that we should stay with our current lender (who won’t revalue) until next time when it should be fixed and then we can switch lenders to be on the safe side, but DH thinks we should risk it as £80 a month is a huge saving.
Would appreciate the advice, I’m really worried about making the wrong decision!