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Mortgage (House valuation)

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AshleighC
AshleighC Posts: 6 Forumite
edited 13 November 2019 at 1:59PM in Mortgages & endowments
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

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 remortgage
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