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broker appt tonight
monnie38
Posts: 70 Forumite
i have appt tonight to discuss my remortgage options, however this is my first house and i am unsure of the process how it works and what i should be asking.
my current mortgage is down to 91k, the estate agents valued my house at 128k, however the bank think its only worth 102k
the reason i am remortgaging is to lower my payments and release 10k of equity, which if my house is worth 102k will be fine to do.
is there anything i should be looking to ask.
ideally im looking for the new mortgage provider to pay all legal fees and survey costs, but from what i can see online this is a bit of a given at the moment.
my current mortgage is down to 91k, the estate agents valued my house at 128k, however the bank think its only worth 102k
the reason i am remortgaging is to lower my payments and release 10k of equity, which if my house is worth 102k will be fine to do.
is there anything i should be looking to ask.
ideally im looking for the new mortgage provider to pay all legal fees and survey costs, but from what i can see online this is a bit of a given at the moment.
0
Comments
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EA valuation is not reliable.
If your house is worth £102k and your existing mortgage is £91k you will not be able to remortgage as you do not have enough equity.
You need a higher value. Be careful committing to paying fees. You could end up spending money to get nowhere. I suggest a fee-free remortgage product and no payment to broker until case completes.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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