ltv

ProperBo

hello all, i'm looking to maybe remortgage as i'm with bank of ireland and my svr has gone up. i know how much is outstanding on my mortgage but i don't know my house value to calculate my ltv. would my new provider come to my house to look around to value or just look at the market. i am going to see an advisor soon and want to be armed with the info so i can get the best deal, thanks

ACG

You can check sites like zoopla or rightmove to get an idea of the property value. Lenders will usually instruct a valuer either at yours or their expense.

ProperBo

hello, thanks, what if i go to a mortgage advisor armed with my zoopla ltv, search for a provider then a valuer comes to my house and my house is worth more/less so ltv is now wrong. does the process start again? thanks

GMS

You need an estimated value in order to select a product.

The valuer will be sent out by the lender and they will value the property. If it fits in with what you think then all well and good. If it values at less you could try another lender but likely to get the same result.

Search on rightmove and nethouseprices for SOLD comparables. Ignore what they are on the market for as the valuer will want to see sold comparables to justify the valuation.