Remortgage valuation

A remortgage valuation gives you an indication of your home's current market value.

Once you start the remortgaging process, your lender will then do their own desk based or physical property valuation so that they can calculate your loan to value (LTV). The LTV ratio will then determine the mortgage rates available to you.

Remortgaging is the process of replacing your current mortgage from one lender to another and this does not usually involve moving home or taking out a second mortgage on the property.

Benefits of remortgaging:

• Potential to reduce overall monthly mortgage payments
• It can be used to help pay off your mortgage earlier
• Raise capital by releasing further funds from your equity