Getting a valuation for re-mortgage

Scoobysue_2

It does seem like a daft question but here goes. My fixed term at a whopping 6.59% will be ending 3rd October this year. I would like to see if any deals will be better than the SVR on my current mortgage provider which is currently 4%. I have no intention to sell and want to stay for at least 10 years in this house. I have no idea how much my property is worth. Is it acceptable to ask an estate agent to value your home without putting it on the market? Would they charge me for it? OR does an IFA organize that for me? I plan to contact the company that Martin suggests in his mortgage booklet.

Hope someone can give me some advice here.

Many thanks,

Scoobysue

kingstreet

There's no point asking an estate agent. The valuation will be miles away from anything realistic, as they'll think you're planning on selling and will tell you what they think you want to hear to get your business.

If you tell them the truth, they'll tell you to get lost.

Most remortgage deals come with a free valuation, so you don't have to worry about spending money unnecesarily. Before you apply, spend some time on sites like https://www.houseprices.co.uk to see what other properties have sold for...

Scoobysue_2

Thanks for advice. That website took me to Zoopla, would you say that website is fairly accurate given they get their data from sources like the government and surveyors?

beecher2

Zoopla's often hopelessly out.

Have a look here http://www.nationwide.co.uk/hpi/
and check recent sales in your street

kingstreet

Scoobysue wrote: »

Thanks for advice. That website took me to Zoopla, would you say that website is fairly accurate given they get their data from sources like the government and surveyors?

https://www.houseprices.co.uk is a site which logs property sales from land registry data. It doesn't link me to Zoopla and I wouldn't have directed you there if I thought it did!

Ah! I see now. You clicked the current value button? Ignore that. Sorry - I didn't even know that was there. My intention was for you to see the historical sales data, not to click that. My fault.

I'd use the Nationwide calculator beecher has linked to, although it's a bit "big" regionally and it doesn't work for me because of that. My little bit of rural Staffordshire comes into "West Midlands" for example and puts ours out a bit as a consequence.