When are Halifax/Lloyds 2015 Q1 house price index figures released?

ed110220

Hi, does anyone know when the Halifax/Lloyds house price index will be updated to give 2015 Q1 figures?

We'd like to borrow more for some renovations but the present LTV is marginal - mortgage advisor advised we could overpay the £150 or so shortfall to borrow the minimum amount which seemed a little silly! That was with the 2014 Q4 index price. We've done a fair bit of work on the house so the true value (and recent similar sold prices) is probably quite a bit more than the index price but would rather not go down the route of getting a valuer out etc.

Ed

Thrugelmir

Who is your lender?

ed110220

Thrugelmir wrote: »

Who is your lender?

Halifax, hence the Halifax/Lloyds index (I believe they will use this, they used it when our previous 2-year fixed rate ended and it was the value that gave the £150 shortfall).

Ed

Thrugelmir

I would imagine that they already have the data internally and use it on a monthly basis. The fact that it's not released publicly until a later date has no bearing.

ed110220

Thrugelmir wrote: »

I would imagine that they already have the data internally and use it on a monthly basis. The fact that it's not released publicly until a later date has no bearing.

I hadn't thought of that, but doing a few sums the valuation they used was the same as the 2014 Q4 index which would mean that if they have an internal monthly index it hasn't changed since then.

Ed

ed110220

A little background is that we bought the house in 2011 Q4 for £125 000. It is in the South West region and we owe £102 639 on it, therefore to borrow the minimum of £10 000 it must be worth at least £140 799.

Ed

Thrugelmir

ed110220 wrote: »

I hadn't thought of that, but doing a few sums the valuation they used was the same as the 2014 Q4 index which would mean that if they have an internal monthly index it hasn't changed since then.

Ed

January\February are traditionally quiet times of the year.

ed110220

I made enquiries in the local branch today and they had a value of over 146 000 so I'm guessing this is the 2015 Q1 index which hasn't been published on their website yet, as it seems too much of a jump from the 141 000 I was given a few weeks ago to be a monthly figure. But that's just a guess...

Ed

ed110220

Well it's been published today and it's what I was quoted, so they obviously work on quarterly rather than monthly figures.

Ed

iwanna

Thanks I've been waiting for the Q1 2015 figures to appear on their online tool too !