Property valuation for mortgage change

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A topic from Home & Garden: Buying and Selling

edwarde2Fri 12/10/07 09:14

 

I'll be changing my mortgage soon, and I've been asked by my financial adviser for an idea of the latest value of my property. Do I get an estate agent in and pretend to be interested in selling, just to get a valuation? And do I need to get more than one? And will they get highly annoyed if I they suspect (as they undoubtedly will as I'm no good at lying) that I have no intention of selling? Can I be honest with them and pay them a small valuation fee instead?

Sorry if this is a stupid question but I really have no idea how these things are done, and my financial adviser has gone on holiday and wants all the info ready for when he gets back!

Thanks :-)

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