Hi all, AIP obtained from KBC underwriters.
Have engaged solicitor and waiting for valuer to arrange appointment.
My query is twofold:
1. In what sort of timeframe can I expect the switch to occur? Part of the switch is equity release for renovation work so I'm keen to get going on that before August.
2. The switch is dependent on a value of 430k from valuation. I paid 410k in March 2019, and with a new kitchen/flooring and BER improvements D1-> C1-2 I would hope a valuer would agree that value could be 430k? The mortgage is for 344k so there's plenty of equity in the house itself.
I'm just wondering what other people's experiences have been. I realise if I put it on the market I might not get 430k but don't valuers go by PPR in the area?
Have engaged solicitor and waiting for valuer to arrange appointment.
My query is twofold:
1. In what sort of timeframe can I expect the switch to occur? Part of the switch is equity release for renovation work so I'm keen to get going on that before August.
2. The switch is dependent on a value of 430k from valuation. I paid 410k in March 2019, and with a new kitchen/flooring and BER improvements D1-> C1-2 I would hope a valuer would agree that value could be 430k? The mortgage is for 344k so there's plenty of equity in the house itself.
I'm just wondering what other people's experiences have been. I realise if I put it on the market I might not get 430k but don't valuers go by PPR in the area?