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How to get current home value from Barclays

rfoodie93
rfoodie93 Posts: 31 Forumite
Second Anniversary 10 Posts
in Mortgages & endowments
Hi! 

We're looking to remortgage in November and want to pay off enough that we can hit the 75% ltv rate. Does anyone know how we go about finding the value of our property as online valuations seem way off. 

We're with Barclays and have been told it will be a desktop valuation as it's only a rate switch. 

Thank you 
«1

Comments

  • BarelySentientAI
    BarelySentientAI Posts: 2,448 Forumite
    1,000 Posts Name Dropper
    Don't know about Barclays, but with Yorkshire Building Society I can see their guess at LTV in the online account.

    If I know the balance and their estimated LTV, I can calculate the property value that they guess - it isn't the purchase price and I've had no rate switch since I bought to trigger a revaluation, so it must be "live" in some manner.
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Deal via a mortgage broker and they can sort all of this for you.
    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.
  • rfoodie93
    rfoodie93 Posts: 31 Forumite
    Second Anniversary 10 Posts
    amnblog said:
    Deal via a mortgage broker and they can sort all of this for you.
    We're staying with our current lender so I don't need a broker. Just want to know how much I need to pay in overpayments.
  • rfoodie93
    rfoodie93 Posts: 31 Forumite
    Second Anniversary 10 Posts
    BarelySentientAI said:
    Don't know about Barclays, but with Yorkshire Building Society I can see their guess at LTV in the online account.

    If I know the balance and their estimated LTV, I can calculate the property value that they guess - it isn't the purchase price and I've had no rate switch since I bought to trigger a revaluation, so it must be "live" in some manner.
    Unfortunately I can't see this in the Barclays account. Appreciate the reply though.
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    rfoodie93 said:
    amnblog said:
    Deal via a mortgage broker and they can sort all of this for you.
    We're staying with our current lender so I don't need a broker. Just want to know how much I need to pay in overpayments.
    If the rate is better than that you are erning on your savings. Overpay by as much as you comfortably afford. 
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rfoodie93 said:
    amnblog said:
    Deal via a mortgage broker and they can sort all of this for you.
    We're staying with our current lender so I don't need a broker. Just want to know how much I need to pay in overpayments.
    If you dont have a Broker, phone the Lender and ask them.
    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.
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    broker can do product switch for you
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • rfoodie93
    rfoodie93 Posts: 31 Forumite
    Second Anniversary 10 Posts
    chanz4 said:
    broker can do product switch for you
    I can switch it online in minutes. I don't need a broker 
  • Jemma01
    Jemma01 Posts: 435 Forumite
    Fourth Anniversary 100 Posts Photogenic Name Dropper
    edited 13 August 2024 at 8:43AM
    HSBC had it online for me, and the advisor told me as well. I think if you call them, they will tell you. The one I got appears static (i.e. at the time of the mortgage request), so calling them will trigger desktop revaluation.
    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    • Q4/2024 = 139.3k (5.19% interest rate)
    • Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    • Q2/2025 = 108.9K (interest rate 4.44%)
    • Q3/2025 = 92.2k (interest rate dropped from 4.44% to 4.19%)
    • Q4/2025 = 75k (interest rate 4.19%)
  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    rfoodie93 said:
    chanz4 said:
    broker can do product switch for you
    I can switch it online in minutes. I don't need a broker 
    If you had used a Broker you would have been sorted already
    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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