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Valuation of Property
pollyanna24
Posts: 4,390 Forumite
We took out a two year fixed mortgage last year, and I have started to look at new remortgage rates. Some I like require you to take no more than 80% of the value of your house.
Fair enough, I suppose, but how do I know if my house has risen by that much? Get a estate agent in? Or hope that the mortage company will give me the valuation I need? When we took the mortgage out last year, we borrowed 88% and going by other houses in the street, we will be okay and only need roughly 75%, but I just wondered how I knew before going down that road.
Didn't really want to get an estate agent in when I know I'm not selling the place, and also don't want to pay a mortgage company the valuation fee if they are not going to be able to give me a mortgage.
Fair enough, I suppose, but how do I know if my house has risen by that much? Get a estate agent in? Or hope that the mortage company will give me the valuation I need? When we took the mortgage out last year, we borrowed 88% and going by other houses in the street, we will be okay and only need roughly 75%, but I just wondered how I knew before going down that road.
Didn't really want to get an estate agent in when I know I'm not selling the place, and also don't want to pay a mortgage company the valuation fee if they are not going to be able to give me a mortgage.
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
0
Comments
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Get three estate agents in for free valuations.You don't have to commit to any of them.In an Acapulco hotel:
The manager has personally passed all the water served here.:rotfl:0
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