Remortgaging to Natwest - Valuation Question

anfieldred

Hello

I'm applying for a remortgage/moving my mortgage to Natwest through a broker, and wasn't sure about the valuation process.

I've seen some people say they do a 'drive by' (also says it on here: https://personal.natwest.com/personal/mortgages/remortgage-to-natwest/free-val-legal.html), however I've seen some posts saying that they had someone come in and review the house for a valuation.

Does anyone know which it is likely to be? looking at a mortgage of around 159 , house is valued at about 177-180 so it's just under 90% LTV depending on the valuation.

Any information is appreciated,

Thanks
AR

Tom99

At 90% LTV an inspection is more likely

anfieldred

Tom99 wrote: »

At 90% LTV an inspection is more likely

Thanks - just read that they try and instruct within 1 day so it's making sure someone will be around.

onthego

Hi anfieldred,
I'm curious, would be interested to know what happened in the end if you don't mind sharing, did they come and value it? I hope it all went smoothly.
I'm also looking at a remortgage to Natwest (well they count it as remortgage, it's a new mortgage on my home that I currently own unmortgaged). Mine will be more like 50% though.
Thank you,
OTG

anfieldred

onthego wrote: »

Hi anfieldred,
I'm curious, would be interested to know what happened in the end if you don't mind sharing, did they come and value it? I hope it all went smoothly.
I'm also looking at a remortgage to Natwest (well they count it as remortgage, it's a new mortgage on my home that I currently own unmortgaged). Mine will be more like 50% though.
Thank you,
OTG

Didn't get as far as a DIP with Natwest, in the process with another lender. At 50% will probably be a drive by (I may be wrong). For my current application, the lady doing the valuation spent longer telling me how to extend my house than actually looking around -in and out in 15 mins

onthego

Thank you for replying, that's helpful to know and I hope your new process all goes smoothly for you.

Lauralou79

We are with Natwest as FTB and applied at 48% LTV. They did a valuation in person. This was this time last year. We had to wait a good week after underwriters had confirmed offer subject to valuation. Think it was prob due to surveyor availability tho.

anfieldred

onthego wrote: »

Thank you for replying, that's helpful to know and I hope your new process all goes smoothly for you.

If only! We're going with a specialist lender so it's taking a lot longer

onthego

Thank you LauraLou.
And good luck anfieldred, I'm sure it will all be worth it!