Preparing for remortgage valuation

gil13

I definately think if they do a normal "in-property" valuation you have better chance of getting a more favourable valuation figure that a "drive-by". We remortgaged 2 years ago and they came inside. The property was about 1 year old, we gave them the sales brouchure, and figures for what others were selling for, for "reference purposes", it came back at 285. Current remortgage (FD/HSBC, who are tight anyway) came back at 250k. Other properties next to us (all a bit smaller) on market at 310, 290, 289. We gave on application figure of 280 - we thought fairly conservative. It is not a problem for us as we were not tight LTV, but I think if it's drive-by cheapo job and if like us you are looking to complete a few months down the line (applied in March for drawdown Oct) then expect a pretty cautious valuation. The climate at the moment with falling prices and tight conditions is from the evidence I have see and read about also effectiving remortgage valutions.