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Halifax valuation desktop/physical valuation criteria?

Purely out of curiosity, does anyone know if there are set criteria that determine if Halifax do a desktop or physical house valuation? We have just submitted our application (existing customers porting & increasing amount for new property) 75% LTV, just wondered if anyone knows if there is a set criteria or if it is more of a case by case basis. Interested in hearing the experiences of others too. 
Thank you :smile:

Comments

  • amnblog
    amnblog Posts: 12,699 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Case by case, availability of valuers and information, loan to value, all plays a part
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • Thanks for replying.
    I wonder which we will get? Hopefully it wont make a difference either way. I'm expecting a physical valuation, not many similar houses have sold in the area, lots of  3 beds, the 4 beds rarely sell so not much to compare with. Time will tell. 
  • I had a desktop valuation and there wasn’t much to compare to in the area. The valuation came back fine even though I had to offer more than the asking price. 

    I’m having a full structural survey next week with valuation and rebuild cost next week. So we will see then.
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