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Property valuations for remortgages
jimbo83
Posts: 186 Forumite
Hi All
I bought my first house last year and shall be remortgaging in 2014 as I only initially went on a two year fixed.
I'm trying to work out what kind of LTV rate I will be looking at when i come to remortgage (based on the purchase price obvs). It would be good to get an early view of its value when i am looking at products etc.
Has anyone got any advice in this situation? Would an estate agent's valuation give a good "ball park" figure?
I bought my first house last year and shall be remortgaging in 2014 as I only initially went on a two year fixed.
I'm trying to work out what kind of LTV rate I will be looking at when i come to remortgage (based on the purchase price obvs). It would be good to get an early view of its value when i am looking at products etc.
Has anyone got any advice in this situation? Would an estate agent's valuation give a good "ball park" figure?
0
Comments
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No.
Look at "sold" figures, from somewhere like here;-
http://www.rightmove.co.uk/house-prices.html/svr/3104;jsessionid=6BE4163A4A0184B7414D28B91781A4C5
using sales of similar property in the last 120 days within 0.5 miles of you.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 -
kingstreet wrote: »No.
Look at "sold" figures, from somewhere like here;-
http://www.rightmove.co.uk/house-prices.html/svr/3104;jsessionid=6BE4163A4A0184B7414D28B91781A4C5
using sales of similar property in the last 120 days within 0.5 miles of you.
Thanks Kingstreet
What will be the earliest point at which I will find out what any lender thinks the property is worth? Once I have applied?0 -
When it's valued, either by inspection or indexed/desktop valuation, dependent on your choice of lender.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
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