What`s My House Worth

House prices often go up and down depending on the economy and the area. The value of your property is important factor when considering either remortgaging or moving - here at First Choice Finance we are happy to discuss your home`s value and can help you release equity with some remortgage plans up to 95% loan to value available. Alternatively if you are looking to purchase a property the deposit element of your costs can start at just 5%.

For more information on how much your house is worth and the low cost mortgage options available then please call our UK team for free on 0800 298 3000 / dial mobile friendly 0333 003 1505 or complete our shorton line enquiry form.

When you remortgage the lender you use will often require a valuation of the house you are remortgaging. The types of valuation vary as follows:

• In modern times some lenders are happy to do an assessed valuation using a system known as `home track` which calculates your home value based on sale of similar sales of houses in the area, giving a confidence value for that valuation between 0 – 10. If the confidence factor is high enough some lenders will be happy to use this value and not require any additional valuation of the property to be carried out.
• Other lenders will carry out a drive by valuation / curb side valuation, this is where the lender will send a surveyor to examine the exterior of the property only.
• Some remortgage lenders will require a full valuation - where a surveyor will visit to examine both the interior and the exterior of the house being remortgaged. Structural valuations are sometimes required on houses that are made from unusual construction such as houses made from concrete or have thatched roofs or much older properties.

Another reason you ask yourself how much is my house worth is if you are considering selling your property and moving - on the internet there are numerous property websites offering online home valuation such as Zoopla and Mouseprice, but it is also worth doing your own research looking at local house prices in the estate agents / main local paper property section or getting an estate agent to come out and value your home. Looking at houses for sale in the press will also give you an idea of what other houses are on the market for - as in most cases if you are selling your property you may well need to buy a new home.

There are a lot of homes for sale in the UK and when you look at real estate prices the value of a house can vary drastically from city to city with premium paid for the main cities such as London, Birmingham, Manchester, Edinburgh and Glasgow relative to neighbouring towns. Over time house prices can change with many people making significant gains as they see the value of the home go up. Your home value can increase due to a number of reasons, these include general increases in the housing market but can also increase due to external factors such as local facilities, schools and other building projects in the area. However it is really important to note that house prices can also go down for the same reasons and this must be taken into account when buying a property.

Increases in the value of a homes can mean that many people have an increased amount of equity - then this equity may be released via a remortgage or secured home owner loan, or if you are over 55 you may consider equity release. Here at First Choice Finance we help you with the process of remortgaging by comparing lenders, giving you advice and helping you through the remortgage process from start to finish.

Find out what your house is worth today so you can see what options are available to you....

Mortgages & Remortgages 8.4% APRC. Representative Example: Borrow £120,000 over 25 years at 5.99%, £778.86 pcm fixed for 3 years at 60% LTV. Then at 8.75%, £974.86 pcm, variable for 22 years. Total payable £286,416. Total cost of credit £166,416 (including: £985 broker fee, £999 lender fee & £164,432 interest)

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Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home. We Advice Upon & Arrange Mortgages & Loans. We Are Not A Lender.

First Choice Finance is a trading style of First Choice Funding Limited of 54, Wybersley Road, High Lane, Stockport, SK6 8HB. Copyright protected.