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mortgage switch valuation

cubatahavana · 2022-03-14 15:20:19

So, I'm switching mortgages in Dec 22 as my fix term finishes. I bought my house in 2020 with a LTV of 80%. I see houses sold around me that if I take into consideration the price per sqm, it would give me a valuation of less than a 60% LTV. Does anyone know what does an auctioneer take into account when doing a valuation…

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14-03-2022 4:20pm

#1

cubatahavana

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So,
I'm switching mortgages in Dec 22 as my fix term finishes. I bought my house in 2020 with a LTV of 80%. I see houses sold around me that if I take into consideration the price per sqm, it would give me a valuation of less than a 60% LTV. Does anyone know what does an auctioneer take into account when doing a valuation the property?

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#2 15-03-2022 9:09am
Q&A

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Pretty much what you said there. Once your place isn't falling down they will base their valuation on the going rate (similar size/price per M2) in your area.
Similar discussion:
https://www.boards.ie/discussion/2058235864/property-valuation#latest

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#3 15-03-2022 11:59am
cubatahavana

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https://www.boards.ie/discussion/comment/118786730#Comment_118786730

Didn't realize about the other discussion!
I will contact a valuer and see what happens

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