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What does a Remortgage Surveyor look for?
Danny_G
Posts: 719 Forumite
We are getting our property remortgaged, and a surveyor will be comming to our property to check it out.
It is from a bank
What things will he look for?
size of rooms? amount of rooms? wall structure?
and are your answers assumptions? or you know from experience ?
It is from a bank
What things will he look for?
size of rooms? amount of rooms? wall structure?
and are your answers assumptions? or you know from experience ?
No Unapproved or Personal links in signatures please - FT3
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Comments
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General look around to establish the property is suitable security for the mortgage and that your estimated value is reasonable in the current market.
He'll obviously take a view of the construction and age and point out any defects which may affect the security.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Look for comparable properties that have sold recently and come up with a figure so far below that it makes him look like a retard.
In my experience anyway.The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
Nice gentleman viewed our house and looked at general condition of property ( but its only 10 years old)
checked out recent sales of similiar properties in the local area ( 2 houses , same design and size sold in last 12 months ) and valued property at same price I paid for it 6 years ago!!!!
Came back with valuation we wanted and also local rental prices for house our size.
This was a simple valuation and we have very good LTV0
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