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house index valuation

hi

Does anyone know, if it's ok to call up lenders and ask them for their index valuation for houses that you may be interested in purchasing, even though you may not have a mortgage with them.

I am wondering whether in addition to looking at zoopla for sold prices you can access and use this information on making offers for properties ?

Comments

  • kingstreet
    kingstreet Posts: 39,362 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Most of the time, they will not be able to answer, nor know where to look.

    The best thing you can do is look here;-

    http://www.rightmove.co.uk/house-prices.html/svr/1708;jsessionid=42656C8D16E0E56A0B0789B99C78A483

    and look for the recent (less than 120 days) sold prices of similar property in the area (0.5 miles or less) as these are the "comparables" surveyors use.
    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.
  • keyboard
    keyboard Posts: 219 Forumite
    hi kingstreet

    thanks for your reply and the link., most helpful

    Cheers
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