extension before re-mortgage?

JA1000

Having been at the end of a valuation which took less than 5 minutes, I am enlightened term of 'drive by valuation'

Let me guess Esurv!!!!!!!!!!!!!!!!!!!!!!!

I am starting to think they have some targets to hit, about 20 valuations per day!!!

bar_1

getmore4less wrote: »

No. Don't see how you come to that conclusion

well if our house if worth less then we brought it for due to the drop in house prices, we might not get a very good deal (worst case it's now worth around £110,000). doing the work would increase the value... I don't know, think I'm getting really confused now.

also, not sure if this would make a difference to a 'drive by vaulation' but the extension work will be seen from the front (porch and part of bathroom).

Maybe i'm best to discuss options with the mortgage advisor.

also - I don't understand the LTV, surely if our loan is £115,000 and the value of the house goes up from £130,000 to £140,000 technically we owe less on the house then before...