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Aldermore Help!!!
NattyT21
Posts: 12 Forumite
Hi,
We have a mortgage in principle from Aldermore, this is a re mortgage and we used a house value of £87K. We have been advised they are coming to do a valuation, but we think the house is more along the lines of the £90K.
What i am asking is will Aldermore usually stick around the estimated valuation we gave on the mortgage in principal or if it is worth more will they normal reflect this?
Our broker said they dont always go out the way to give the higher end valuations?
Thanks
We have a mortgage in principle from Aldermore, this is a re mortgage and we used a house value of £87K. We have been advised they are coming to do a valuation, but we think the house is more along the lines of the £90K.
What i am asking is will Aldermore usually stick around the estimated valuation we gave on the mortgage in principal or if it is worth more will they normal reflect this?
Our broker said they dont always go out the way to give the higher end valuations?
Thanks
0
Comments
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How much do owe on your mortgage currently?0
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Your broker is correct.
It is extremely rare for a valuer to volunteer a figure above the state value.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
We currently have £73k left to pay on mortgage0
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We gave the first estimate ourself, and we hedged lower on the safe side i would say.0
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It doesn't matter to the lender, or matter which lender this is.
The surveyor will not value the property at more than your estimate.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.0 -
kingstreet wrote: »It doesn't matter to the lender, or matter which lender this is.
The surveyor will not value the property at more than your estimate.
So regardless if it is worth £90k or more they will only give a valuation of £87k?0 -
Yep. Spot on.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.0
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