Re mortgage question

xssc32x

Hi, I am currently remortgaging incorporating our HTB into the new mortgage.
Our mortgage broker have secured a deal with Halifax, and have just received the paperwork. I’m a little unclear regarding what valuations I need , I know I need to get the HTB valuation to work out total amount owed including the 20%. The remortgage offer includes a market rate valuations, so does this mean I don’t need to get another valuation for the mortgage side of things?

Cheers
si

kingstreet

The lender will obtain a valuation for mortgage purposes. This may be a physical valuation, drive-by or desktop/indexed valuation. You need only obtain your valuation for Target.

getmore4less

How have you worked out how much you need to borrow if you don't have the 20% number that H2B want back.

onthemend88

We are currently going through the same process with HTB Wales. 

We firstly had to contact HTB to receive the paperwork. We then had to instruct our own RICS Surveyor to obtain a market value. 

Once this had completed, we sent all forms off to HTB who then confirmed how much we would need to pay back. 

We have now had a DIP with Halifax who have instructed their own surveyor. 

So basically, to answer your question, you will need another survey completed via Halifax (which as part of our remortgage deal, dont charge for this).