When determining the LTV how is the Value determined? Does the lender value the house, or is it based on property tax, or do you need to get a valuer(s) to submit their opinion.
You need to get a valuer. In the case of a mortgage, the bank will usually insist that you use a valuer that is on their panel.
Also, a valuation needs to be not older than 2 months.
Thank you I had kind of assumed that was the case, as I have just started to look at the rates for switching i need to determine which bracket I fall under...