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Nationwide or Barclays
IAMIAM
Posts: 1,424 Forumite
I am thinking of remortgaging to one of these two (from HSBC) so my 3 mortgage accounts with HSBC combine.
I notice Barclays don't do execution only and I have done an AIP with nationwide and the link says further valuation assessment needed.
Does this mean both lenders send out valuers for a straight forward remortgage? Can't they just use a desktop. It's 60%-70% LTV.
I notice Barclays don't do execution only and I have done an AIP with nationwide and the link says further valuation assessment needed.
Does this mean both lenders send out valuers for a straight forward remortgage? Can't they just use a desktop. It's 60%-70% LTV.
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Comments
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It would depend on a few factors.
60-70% is quite a wide mark, that could be £20k difference on a £200k house.
Do you live in a rural or suburban area?
Have there been recent sold properties?
If the property is quite unique and there are no comparable properties, they may want to send out a surveyor.
But I dont think what you have means they will need a surveyor to go out necessarily. A desktop valuation can include a surveyor looking at google street maps, recent sold data and other bits.I am a Mortgage AdviserYou 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.0 -
Thanks for this. Both lenders do not allow direct only application, you have to book a mortgage advisor which is annoying.0
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