My fixed 2-yr rate will end May 2014 and I started to do a bit of a research to figure out what my options were - staying with the same lender vs. remortgaging. I'm trying to determine what the value of my property is now (just for the sake of calculating various options) and I don't know what to input.
Original purchase price was 260K May 2012.
Mortgage balance in May 2014 - when fixed rate deal ends - will be something like 210K. Lender is Halifax
Now on value...
Zoopla shows 282.5K (I wish!)
Land registry index calculator shows 275.3K (borough-level data)
Lloyds house price tool shows 267.3K (data based on Greater London, not borough level)
Most recent sale in my building - of a similar flat - was 262K in December 2012
Any suggestions on how do I determine the LTV? I do realize the lender will do their so called desktop valuation next year - and was wondering it would be close to the land registry one or not.
In the example above, Llyods data that is available doesn't go very granular... only at Greater London level, but I'm thinking maybe their desktop valuations would be based on smaller areas (like borough or postal code or whatever...).
Thank you.
Original purchase price was 260K May 2012.
Mortgage balance in May 2014 - when fixed rate deal ends - will be something like 210K. Lender is Halifax
Now on value...
Zoopla shows 282.5K (I wish!)
Land registry index calculator shows 275.3K (borough-level data)
Lloyds house price tool shows 267.3K (data based on Greater London, not borough level)
Most recent sale in my building - of a similar flat - was 262K in December 2012
Any suggestions on how do I determine the LTV? I do realize the lender will do their so called desktop valuation next year - and was wondering it would be close to the land registry one or not.
In the example above, Llyods data that is available doesn't go very granular... only at Greater London level, but I'm thinking maybe their desktop valuations would be based on smaller areas (like borough or postal code or whatever...).
Thank you.