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remortgage valuation isnt very clear advice please
elizzi6767
Posts: 4 Newbie
I am currently remortgaging a property with no outstanding mortgage.
I had the valuation completed through the bank (halifax) and got a copy of it today. I phoned them because it doesnt give an exact value. The valuation apparently is "houses in this street have sold between 75-95k recently." I could have told them this.
If this is indeed my valuation how much am i likely to be able to get a mortgage for?
My mortgage advisor is on holiday so cant even get the bank to advise me.:eek:
And even within his "valuation" the properties that have sold at the lower end of the scale were 2 bedroom ones that are at one end of the street- this is a 3 bedroom.
I had the valuation completed through the bank (halifax) and got a copy of it today. I phoned them because it doesnt give an exact value. The valuation apparently is "houses in this street have sold between 75-95k recently." I could have told them this.
If this is indeed my valuation how much am i likely to be able to get a mortgage for?
My mortgage advisor is on holiday so cant even get the bank to advise me.:eek:
And even within his "valuation" the properties that have sold at the lower end of the scale were 2 bedroom ones that are at one end of the street- this is a 3 bedroom.
0
Comments
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Surely if you have submitted an application you should know the amount applied for?
Unless there are extenuating circumstances I am surprised at the use of Halifax as they treat an unencumbered (no existing mortgage) re-mortgage as a "purchase" and therefore do not offer free valuation and free legal fees available from other lenders.0
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