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ReMortgage House Valuation
gem2012
Posts: 1 Newbie
Hi,
I was wondering if anyone can help me, this is my first time remortgaging, so not sure of the processes involved.
My husband and I are currently in the process of remortgaging our house with the Halifax, and recently had a survey carried out to value our house, which came back considerablylower than what I had advised the Halifax the property is worth.
As a result of this the Halifax are now changing the rate offered. (2.79% to 3.29%)
I have advised the Halifax that I dispute the house valuation, but is thereanything else I can do in this situation? The Halifax have advised me I can reinstruct the valuation, but thiswould be at my own cost.
Would it be worth me looking into alternative mortgage options at this time?
Many Thanks
0
Comments
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What's your estimate of the property's worth and what was the valuation?0
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Sounds like the valuation was 10% out?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
this happened to me recently with a Colleys rubbish valuation. If I were you I would not waste my money in trying to convince Halifax/Colleys by paying for a different valuation as they will never admit to any error on their part if there is one. It could be a ploy to get you onto a higher LTV, I would walk away tbh0
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