Remortgaging and should I get my own valuation?Make Text Bigger
I am new to property investing and I would appreciate some advise on remortgaging. I purchased my first BTL two months ago with a good discount.
I have just finished refurbishing it and I am planing to remortgage in 4 months to get back hopefully all the money which I invested. My question is – should I get the independednt RICS valuation before applying for remortgage? If I get the valuation now would it be taken into consideration in 4 months time by the lender?
Obviously the lender will instruct their own valuation when I apply for remortgage and I am wondering whether my independent valuation will have any impact, or if the lender will just stick to their own valuation report. My worry is that the property will not look as great as it looks now once tenants live there for couple of months and that can have negative impact on valuation done by the lender.
I would be grateful if somebody could advise me how to proceed to improve my chances for higher valuation when I apply for remortgage.
P.S. I just wanted to say thank you to the founder of this amazing forum and to people who dedicate their time to share their knowledge by responding to articles.
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