We need to re-mortgage the place we bought in December once we're (almost) finished the renovations (purposefully chose a non-locked in mortgage, so no issues with fees), which should be in a couple of months with any luck.
How do we actually go about getting a re-valuation that properly reflects the works that have been done?
Use local agents to appraise and give that to the bank (or our mortgage advisor)?
Just send before/after photos and a list of works and the bank will do the valuation based on other sold prices on the street and the like?
edit: should probs just ask our mortgage advisor... but feels nicer to post here
Quite big? Structural alterations, new kitchen, new bathroom, total re-plumb and new boiler, complete decorative make-over, a cacophony of remedial actions following a survey that had zero 'good to go' points and more 'fix immediately' than 'fix soon' points.
We need to re-mortgage the place we bought in December once we're (almost) finished the renovations (purposefully chose a non-locked in mortgage, so no issues with fees), which should be in a couple of months with any luck.
How do we actually go about getting a re-valuation that properly reflects the works that have been done?
Use local agents to appraise and give that to the bank (or our mortgage advisor)?
Just send before/after photos and a list of works and the bank will do the valuation based on other sold prices on the street and the like?
edit: should probs just ask our mortgage advisor... but feels nicer to post here