End of fixed rate. Increasing mortgage.

[corriequeen1431]

Our fixed rate is due to end. We want to stay with our current lender and increase our mortgage for home improvements.

Will our lender contact employer for reference and send someone to value the house?

Not sure on this as we have been with the same lender for years.

If you are increasing the amount borrowed then it's similar to a new mortgage, new up to date income details and most likely new valuation will be needed.

If you were just moving to a new rate with same lender but no increase in borrowings then nothing would be needed.