valuation of marital home for purposes of re-mortgaging

[hairylights]

Anyone been through this and if so, how does the mortgage company value the property? Do they come to see it and is there cost incurred?

Thanks

sorry, I omitted, I need to increase my mortgage to make a payout to my soon to be ex.

I'm in the process of doing this. In the re-mortgage application they asked how much the house was worth and I told them what I thought. They sent someone round to value it (they didn't even come into the house- I never saw them..and it cost me £90!) and I got confirmation that they were going with the figure I had given them.

It might be worth giving a slightly higher value to the mortgage company than what you and your ex have agreed, as then your loan-to-value will be lower and you will qualify for better mortgage deals?

Thanks. I've agreed 50% of valuation, so no, it won't help to raise the valuation. I need a low valuation if anything!

What I mean is I agreed a certain valuation with xh (after seeing 3 estate agents). That was what we went off for the purposes of our Separation Agreement. When it came to the mortgage app, I told them slightly more, which took my LTV down and helped my application. Obviously, xh had nothing to do with this application, and will never get to see it.