To cut a long story short we bought in December 2012 and ported our existing deal which runs out in July. When we bought the house was marketed for £125,000.00. We agreed to pay this and applied for a mortgage for 90%. The deal almost fell through when the mortgage survey said the property was worth £115,000 only. Eventually we got the vendor to reduce so the deal went through. However we disagreed with the valuation. The agent had various comparables. We have done a lot of work on the property in the last 3 months (spending about 10k). Had it valued today and the agent says £130,000.00 (OIRO) We want to try to get 85% LTV accepted when I remortgage in the summer as the rate drops dramatically from a 90% deal. What is our best strategy? Go with a different lender? Want to avoid esurv (who did the previous one) Which lender should we use? What are our chances?
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