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LTV increase?

(3 Posts)
Mehfruittea Sun 05-Feb-17 12:13:36

My fixed rate deal is due to expire in 6 months. We paid £285k 3 years ago and think the value has increased, without doing major work to it.

We are hoping to start building an extension and I know we will get a value after the build. If we switch our deal before the extension is done, how do we determine the current value of our property? I'm hoping to come in under 90% as we started off with a 5% deposit.

Do we just pay for a professional valuation? Or does the bank do one that we pay for?

Thanks

JoJoSM2 Sun 05-Feb-17 22:49:04

The bank will sort it out although they might charge you for it.

Mehfruittea Sun 05-Feb-17 22:52:20

Fab thanks

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