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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Mortgage valuations
katkin804
Posts: 45 Forumite
We have a mortgage currently - recently switched deal and desktop valuation was used.
Currently have application to borrow more (with same lender) to pay off help to buy loan. The chap i spoke to who submitted the application said they sometimes use desktop valuations, sometimes use drive by and sometimes full valuation. Clearly noone knows for sure but whats the likelihood they were happy for the desktop to switch deal and would want to do a full valuation just a month later for this.
Currently have application to borrow more (with same lender) to pay off help to buy loan. The chap i spoke to who submitted the application said they sometimes use desktop valuations, sometimes use drive by and sometimes full valuation. Clearly noone knows for sure but whats the likelihood they were happy for the desktop to switch deal and would want to do a full valuation just a month later for this.
0
Comments
-
You'll need to obtain a full independent valuation to discharge the HTB loan in any event.0
-
this has been done but i've been aware mortgage valuation and HTB are often very different0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards