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