Re-mortgage House Valuation 4 December 2022 at 11:31PM in Mortgages & endowments 12 replies 617 views

TheJP

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).

SuperSavingD

Try Zoopla 

TheJP

SuperSavingD said:

Try Zoopla 

Zoopla i know is massively out when it comes to valuation, says my house bought March 2021 is up £100k on what i paid.

mi-key

Zoopla can be good, but the range of prices they give is a bit wide ! My house on there is between £326K and £417K which is obviously a big difference ! The say it is worth £374K which I think is a bit optomistic.

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

RelievedSheff

Zoopla really isn't all that accurate.

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.  

silvercar

Problem with zoopla is that it doesn’t know when people have improved their homes. If like me you live on a road where people are always extending and rebuilding, zoopla just sees the sale prices, makes a link to them and applies the same upgrade to all the other houses on the road.

kingstreet

TheJP said:

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).

Can you see your existing lender's indexed valuation?

TheJP

kingstreet said:

TheJP said:

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).

Can you see your existing lender's indexed valuation?

Where can i find that?

JMA74

who is your existing lender?  

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. 

housebuyer143

TheJP said:

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).

If you call your current lender they will be able to tell you based on house price index. alternatively you can look up nationwide house price index and put your last valuation in there and it will give you todays price.

TheJP

housebuyer143 said:

TheJP said:

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).

If you call your current lender they will be able to tell you based on house price index. alternatively you can look up nationwide house price index and put your last valuation in there and it will give you todays price.

Never knew this existed and has given me a decent valuation. Thanks