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Halifax rentention valuation

Folander
Folander Posts: 17 Forumite
in Mortgages & endowments
Hi all,

I have just accepted a rentention mortgage from Halifax, I did this online so was all very quick and easy. They valued our house as easily 30-40k more than my educated guess. Of course this is just swell as I got a better rate as a result.

Has this happened to anyone else? I'm in the south east so I'm aware of high annual increases but still, wow.

Thanks all!

Comments

  • kingstreet
    kingstreet Posts: 39,315 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The indexed valuation is based on house prices indeces, so may be better or worse than what a surveyor might come up with.
    I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.
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