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Nationwide valuations?

Anyone know about NW vaulations, are they accurate, or not?

I know they do drive bys, but does anyone have any knowledge of how they work, I mean do they tend towrads a low or actual figure compared to current market trends?....any inside info if anyone has had any homebuying valu figures?

I'm just looking at re-mortgaging with them, but have not had our place valued for many years...

thx
Bless Martin's Little Cotton Socks. I thank him for giving us MSE. Look what its grown into!

MFW = ASAP #124

Comments

  • TEDDYRUKSPIN
    TEDDYRUKSPIN Posts: 1,528 Forumite
    LOL.

    They are accurate to them! They no longer just do drive bys. They will carry out two survey. Market valuation and will this go to your house!
    Motto: 'If you don't ask, you don't get!!'

    Remember to say thank you to people who help you out!

    Also, thank you to people who help me out.
  • Newbird
    Newbird Posts: 488 Forumite
    Hi TeddyR - well yes, I know that much - and you could say that about them all.

    I'm just wondering cos it will affect my LTV and our house is not a standard house in a standard street and nothing has been sold in my road for many years, for easy market comparison (only 7 houses).....:confused:
    Bless Martin's Little Cotton Socks. I thank him for giving us MSE. Look what its grown into!

    MFW = ASAP #124
  • Newbird
    Newbird Posts: 488 Forumite
    LOL.

    Market valuation and will this go to your house!

    ? - do you mean - Do I think they'll send me the survey?

    No, I know they won't, its just a freebie valu for them, but could affect which deal we can secure.
    Bless Martin's Little Cotton Socks. I thank him for giving us MSE. Look what its grown into!

    MFW = ASAP #124
  • They use Countrywide Surveyors and are usually accurate as can be, it will just be a mortgage valuation report although they may need to have a root round the house if it is a case of there hasn't been many sales in the area
  • Newbird
    Newbird Posts: 488 Forumite
    Thanks bat2daface, and WELCOME to da MSE forum!
    Bless Martin's Little Cotton Socks. I thank him for giving us MSE. Look what its grown into!

    MFW = ASAP #124
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