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HTB Equity Loan Valuations - who has had one?
pablakeman
Posts: 291 Forumite
So I am 4 months into a new build and considering if I should save to pay off the equity loan (to ensure I am not stung by future house price rises, but would involve fees) or overpaying the mortgage.
Has anyone here had a valuation and has it been favourable? Did you keep an eye on house prices leading up to the 5 year point? PArt of my thinking is that new builds supposedly are sold at a bit of a premium (due to being new and an equity loan also helps push up the value), so after 5 years is the valuation not as high as one might expect ?
Just looking for people’s experience and happy to take any advice!
Has anyone here had a valuation and has it been favourable? Did you keep an eye on house prices leading up to the 5 year point? PArt of my thinking is that new builds supposedly are sold at a bit of a premium (due to being new and an equity loan also helps push up the value), so after 5 years is the valuation not as high as one might expect ?
Just looking for people’s experience and happy to take any advice!
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