We bought our first house 3 years ago, and the current mortgage deal runs out so I am shopping around for a new mortgage. What I am a bit confused about is do you need to have your home revalued if the value has increased? Or who decides what is a reasonable current value? I know roughly what the current value should be and as it's increased quite a bit from when we bought the house. I'm thinking of staying with the same mortgage company but want to get the best online deal - so not sure what to enter for property value - whatever I think is the current market value?
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