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NickCJ
Bit of a weird question, I'm just remortgaging and the bank have estimated the value of my property 10% higher than I was expecting. I called them and they stand by their valuation based on market comparables and update their system every 3 month etc etc, but it still feels high to me based on the current market situation.
Obviously they don't over value when they lend you the money in the first place, what sort of reason could there be to do it at this point?
It's meant I've got a better LTV rate, but I'm still not convinced the valuation is nearly right, I would expect the bank to undervalue the market rate if anything.
Or maybe I'm just an eternal pessimist.