Mortgage Valuation

Faith177

Going through a remortgage at the moment no current mortgage in place


Need to have a valuation done what would that involve?


Cheers x

AnotherJoe

Paying the lender some money !

Depending how much you are borrowing it could be anywhere between a desktop evaluation to a visit.

Faith177

It's a visit borrowing £95005 against a £300K house

chunkytfg

They're making a visit with such a low LTV? Fair enough.

The valuation will probably be a cursory once around the house to check its not literally falling to pieces. The person doing the survey will likely already have a pretty good idea of its value they just need to see it to confirm what they already know

Faith177

chunkytfg wrote: »

They're making a visit with such a low LTV? Fair enough.

The valuation will probably be a cursory once around the house to check its not literally falling to pieces. The person doing the survey will likely already have a pretty good idea of its value they just need to see it to confirm what they already know

That's what I thought but who am I too argue



Cheers was as bit worried as my ex housemate is moving out so boxes everywhere atm and we are redecorating so everything is up in the air :rotfl:


They said about getting into the loft i guess that's just to check for holes ect

Alexland

Our existing lender sent someone to value our property yesterday on a remortgage despite the LTV against their automatic valuation being under 20%. Today we got notified they were happy with the valuation. Complete mystery why they bothered. Thankfully it was free.