The thread where you tell my husband to get real!

PasturesNew

Here is the upmystreet trend graph for you area
http://www.upmystreet.com/property-prices/trends/l/hp4+3ql.html

And terraced only:
http://www.upmystreet.com/property-prices/trends/terraced/l/hp4+3ql.html

With the jerkiness it looks like low volumes, so hard to say.

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becs wrote: »

My experience is valuers are valueing way below true market value

'True Market Value' is what someone is willing to pay for a house now, not what an EA ramper thought it was worth last year.

feesh

dimbo61 wrote: »

If you can get a 5 year fix with your existing lender under 6% then I would go for that

What if we move house within 5 years though (which we will almost certainly have to - the house is tiny and we want to have kids in a year or two)?

Reds-on-Sea

feesh wrote: »

What if we move house within 5 years though (which we will almost certainly have to - the house is tiny and we want to have kids in a year or two)?

if you're planning to move in a year or so, is it worth remortgaging? What rate is your current lenders SVR? BOE base rate coming down, so surely this will bring the payments down a little? Also, don't most (re)mortgages have a fee attached? Would you make up the cost of a fee if, say you moved in 18months time? Bear in mind that the Base rate can go up as well as down, but we're talking relatively short term here.

savemoney

I didnt realise you had to have house revalued if you remortage

I have a house bought in Feb 2007 for £149.950 we owe around £60k, our payments are around £400 a month, 2 year fix deal ends in Jan 09 (20 years). FA is coming in November to see if we can get a better deal. We own quite a lot of of the house as you can see but we dont have a large income coming in and can afford the £400 a month but not much more, we have no over debts

opinions4u

savemoney wrote: »

I didnt realise you had to have house revalued if you remortage

Where the loan is high compared to estimate value, a physical inspection will take place.

Where the loan is low (e.g. £60k against £150k property) the valuer will be asked to drive past to make sure the house exists, isn't a shell, and is more than sufficient security for the loan in question.

_Andy_

savemoney wrote: »

I didnt realise you had to have house revalued if you remortage

I have a house bought in Feb 2007 for £149.950 we owe around £60k, our payments are around £400 a month, 2 year fix deal ends in Jan 09 (20 years). FA is coming in November to see if we can get a better deal. We own quite a lot of of the house as you can see but we dont have a large income coming in and can afford the £400 a month but not much more, we have no over debts

With a low LTV (loan to value) I wouldn't worry about the valuation.

You mention the income being low - what is the actual gross income?