We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage (House valuation)
Options

AshleighC
Posts: 6 Forumite
Just went to renew my mortgage deal.
I believe my house valuation should have gone up significantly due to recent sales of the same house on my street. The valuation did come back high and at what I expected but the building society have said this has come back with a confidence D - meaning they cannot rely on this valuation?
Offered someone to come out to value my house but they did this 3 years ago and the valuer brought the valuation back at less.
Should I take my mortgage else where?
Should I get an independent valuation (I asked this and they said they have there own valuation team and couldnt take this into consideration but if it was significantly more then they would look into it) ��
Any advice would be appreciated.
Thanks in advance
I believe my house valuation should have gone up significantly due to recent sales of the same house on my street. The valuation did come back high and at what I expected but the building society have said this has come back with a confidence D - meaning they cannot rely on this valuation?
Offered someone to come out to value my house but they did this 3 years ago and the valuer brought the valuation back at less.
Should I take my mortgage else where?
Should I get an independent valuation (I asked this and they said they have there own valuation team and couldnt take this into consideration but if it was significantly more then they would look into it) ��
Any advice would be appreciated.
Thanks in advance
0
Comments
-
Independant valuation is likely to be a waste of money. If it is higher than the computer generated one they will just offer to send one of their valuers out to confirm and then go on what they say. If you are going to do that you may as well just do it at the start.
How long until your rate expires? Whats your ltv?
How much difference each month is it going to make with the valuation the lender has now against what you want it to show?
A few lenders now offer a valuation during the application stage on remortgages. You can either accept it or ask for a new one to be done. You will need about 4-6 weeks to be safe on a remortgage0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards