We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Remortgage with Santander, valuation
cjmc24
Posts: 15 Forumite
Hi looking for anyone’s recent experiences with remortgaging with Santander. We bought the house a few years ago and have done a considerable amount of work - double story extension and loft conversion. We have had a number of local agents value the house now work is complete and they think we have added between £250-£300k on the value.
I called Santander to talk about revaluing and the new mortgage as we are coming to the end of our fixed term, and they sent a valuer round last week. I’m now waiting on the valuation to come through from Santander.
I’m realistic so expecting they won’t value it as much as the agents! However, has anyone been in a similar boat and had any good/bad experiences with the valuation amount? We are just hoping we can reduce our monthly amount as we will have more equity in the house, so as long as we fall in a bracket to go into a lower percentage we’ll be happy!
Thanks
I called Santander to talk about revaluing and the new mortgage as we are coming to the end of our fixed term, and they sent a valuer round last week. I’m now waiting on the valuation to come through from Santander.
I’m realistic so expecting they won’t value it as much as the agents! However, has anyone been in a similar boat and had any good/bad experiences with the valuation amount? We are just hoping we can reduce our monthly amount as we will have more equity in the house, so as long as we fall in a bracket to go into a lower percentage we’ll be happy!
Thanks
0
Comments
-
Hi, how did you get on with this? I am just about to buy a house which has significant potential so very interested in how the bank valued compared to estate agent!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards