📨 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!

Remortgage including paying off somebody who has an interest in property

Hello, my interest only mortgage is due to expire in 2024. I am going to apply for a remortgage before but because my ex partner has a 20% interest in the Value of the house, I will need to buy his share. Could anyone tell me the best way to have my house valued as I’m sure it would not reach market value in my area as it is not in the best condition ie; dampness. I have also had to paid for a new roof. I don’t want to end up having to lose out if it is valued at market value when I come to apply for the remortgage and then if I ever want to sale it won’t reach that value. Which is the best way to obtain a true value of the property. Many Thanks

Comments

  • csgohan4
    csgohan4 Posts: 10,600 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    appoint an RICS accredited valuer would be my take on it, that way it is independent
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 600K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.