I am looking to remortgage my property in part to finance a buy to let purchase.
I have an agreement in principle and the details and our documentation is currently going through the underwriters.
Due to uncertainty in the market at the moment there are various properties around us that are not selling or being reduced. I am therefore nervous about the valuations that form part of the underwriting assessment.
I have 3 independent valuations from local estate agents that are all around the level we need to be at but am aware that estate agents price high initially to entice you onto the market.
I know there are some mortgage experts on here so hoping for a bit of advice. Should I forward these valuations on to the mortgage company prior to the official valuation? Does anyone have experience of remortgage valuations and how they are calculated?
Thanks
I have an agreement in principle and the details and our documentation is currently going through the underwriters.
Due to uncertainty in the market at the moment there are various properties around us that are not selling or being reduced. I am therefore nervous about the valuations that form part of the underwriting assessment.
I have 3 independent valuations from local estate agents that are all around the level we need to be at but am aware that estate agents price high initially to entice you onto the market.
I know there are some mortgage experts on here so hoping for a bit of advice. Should I forward these valuations on to the mortgage company prior to the official valuation? Does anyone have experience of remortgage valuations and how they are calculated?
Thanks