Additional Borrowing

gubbins87

Hello

Forgive me if this has been discussed before, I am new!

I have recently gone through an application for additional borrowing on my Natwest mortgage. The underwriters have contacted me to say all was in order pending the valuation. Reason for needing a new valuation is the value they have on record is 4 years old.

In June this year we had the propert valued by Valuenation and the result was a value of £175,000. This valueaction was done as part of a remortgage application we later decided not to proceed with.

Now come my questions! Based on the valuation conducted by a surveyor in June this year, should I be confident of achieving the same value again or can values differ significantly? Since this value we have conducted more work on the property eggs painted the house and landscaped previous waste ground in the garden.

Secondly, should the value come back as satisfactory, are there any other steps/checks likely to be conducted thst may prevent the deal from being completed? eg further checks on finances etc. The reason I ask this is due to having a fee to value the property which I am not keen on paying to find out the application will fail!

i would be greatful for any comments or experiences you may have.