Before you can move to a lower LTV rate, you may need to give us with an up to date valuation report. There are three points you should be aware of:
- you are responsible for arranging the valuation report and for the cost. The initial valuation will cost to you of €150 and €65 for any valuations needed thereafter.
- the valuation report must be dated within the past six months.
- the valuation report must be completed by an approved Valuer from the Haven Residential Mortgage Valuer's Panel.
You won’t need to provide a Valuation report if you:
- choose an LTV interest rate based on an LTV band that has previously been applied to your mortgage loan, or;
- choose a >80% LTV band
LTV interest rates are not available at the drawdown of a new top up loan although Haven reserves the right to review and/or amend this eligibility criteria from time to time.
To confirm if you are eligible to move to a lower LTV rate, or if a valuation report is required please contact your mortgage Broker or our Customer Service Team on 0818 565 500.
Before ordering a valuation report Haven recommends that you check the Property Price Register and or DAFT to help you understand what similar houses in your area have been sold for recently.