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Remortgaging/Valuation
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pollyanna24
Posts: 4,390 Forumite
When you come to remortgage your house, if you stay with the same lender, do they do another valuation on it? Just wondered if, when my fixed rate is up, I am likely to get an idea of how much my house is worth.
Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.81
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Comments
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Not in my experience.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Sometimes they will, sometimes they wont.
It depends on many different things, if you are increasing the loan for example.
Be advised though that in a large number of cases when re-mortgaging with your existing lender, if they carry out a valuation you will not always get to see the results of it as it is carried out on behalf of the lender not the borrower.0 -
you could try seeing what this comes up with
http://www.nationwide.co.uk/hpi/?source=nationwide&campaign=homepage&execution=hpi_lhs_17092007
In a lot of cases no val done on a remortgage anyway, as they use similiar toolsAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
Thanks for all your replies. I'm not planning on selling soon, so it was really just curiosity that made me ask.Pink Sproglettes born 2008 and 2010
Mortgages (End 2017) - £180,235.03
(End 2021) - £131,215.25 DID IT!!!
(End 2022) - Target £116,213.810
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