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Remortgage house value calculation

Aqua1985
Aqua1985 Posts: 56 Forumite
Part of the Furniture 10 Posts Combo Breaker
in Mortgages & endowments
Bought March 2020
Remortgage Due March 2022
Purchase Price - 215K
Mortgage - 195K

Two questions,
1) How can I find out in advance of my remortgage what is the value of my house that will be used by my existing / new lender? Zoopla says 234k - 258K - middle estimate 246K, Local EA saying maybe £250k min 240K

2) at around 80% LTV what are the chances of improving a 3.99% interest rate (previously bad credit 2 years clean at start of mortgage will be 4 years at the end with no CCJ/defaults etc)


thanks

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Aqua1985 said:
    How can I find out in advance of my remortgage what is the value of my house that will be used by my existing / new lender? 
    You can't. The value will depend on local market conditions at the point of application. 
  • amnblog
    amnblog Posts: 12,769 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If your credit is now clean your rates options should be much lower next year.
    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.
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