LTV Valuation

MrSteveo

Hello all,

I’m trying to work out my current LTV for a remortgage application with Barclays/Woolwich in the coming weeks.
The property was built by Crest Nicholson in 2008 and sold for £190k and I purchase the property in February 2013 for £171k

I’ve ran it through some of the below online tools and they come up with the following;

·Nationwide House Price Calculator £193,724
·Halifax House Price index £197,895
·Zoopla £196,732

I was looking at mortgage around £144/5k but I’ve not idea what valuation Barclays would use in their AVM? Would they even come out to view the property or just use some form of House Price Index?

Many Thanks

Thrugelmir

Are you looking to increase your borrowing when remortgaging?

Is Barclays your current mortgage provider?

amnblog

Barclays with have an indexed valuation on their system.

A mortgage broker can obtain that figure for you and help you decide if Barclays Woolwich gives you the best options going forward.

MrSteveo

Thrugelmir wrote: »

Are you looking to increase your borrowing when remortgaging?

Is Barclays your current mortgage provider?

Thank you for your reply.

My fixed deal with Nationwide (5.19%) comes to an end in January 2015. I was looking to remortgage and reduce my balance from £151k to around £144k to achieve a 75% LTV.

MrSteveo

amnblog wrote: »

Barclays with have an indexed valuation on their system.

A mortgage broker can obtain that figure for you and help you decide if Barclays Woolwich gives you the best options going forward.

Thank you, Thats good to know.

I've got an appointment with a mortgage broker at the end of the month as you suggested in a previous thread of mine.

It's a choice of Barclays, Halifax, Nationwide and Leeds Building Society by the looks of it.

Thanks

Michelle2014

We are in the process of a remortgage valuation and the lender (Nationwide) did a mortgage valuation last week and they did come out and view the property. Our LTV was around 80%. I looked at the HPI for Nationwide and Halifax and they came out quite high for what I believe the property is worth. You might want to look at recently sold prices to get a better idea but I am no expert.

Michelle2014

Our existing lender (Leeds) would use an indexed valuation. However, the deals available to us from them were considerably higher.