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Valuation Fee, Can they still say no!!

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Comments

  • thorpe1
    thorpe1 Posts: 71 Forumite
    The mortgage we require is £130000 our original mortgage is £115500 but we are taking some equity to pay back commitments, about 6 months ago we were thinking of moving and they valued the property at £155000 so I was hoping in the last six months the value had gone up slightly?? do you think this is a high loan to value?
  • homer_j_3
    homer_j_3 Posts: 3,266 Forumite
    if it values up at 155k then you will have 74.5% loan to value which is good. Providing the product allows remortgages beyond 75% for the product that you have got then it should be slim that you will encounter any problems.
    I am a Mortgage Adviser
    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.
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