Re-mortgage House Valuation
in Mortgages & endowments
12 replies 617 views
Hi all, our fixed rate ends soon and to help me get a rough guide on what products/equity we have i need to determine the value of the house. I know that the lender will have a valuation carried out but is anyone aware of websites that can give you an indication on what your house is worth (i.e. taking into consideration comparable sales etc).
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The best way really is to look for comparable size houses up for sale close to you, or ones that have sold recently. Other than that ask a local agent to come round and value for a more accurate price
For example it says our house is worth between £280-£320k which is very optimistic. Equally it says that next door which is exactly the same house bought for the same price as ours at the same time as ours is worth between £310-330k again extremely optimistic.
You really need to look at recent sale prices in the area if there are any and take a view on the property value yourself.
Some lenders state the valuation on the portal page. Some others state the LTV and the balance so you have to work backwards. Others dont state it but you can call and ask.
You should note that this site doesn't check my status as a mortgage adviser, 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.