mortgage valuation

  • jonscally's Avatar
    I was looking at moving my mortgage to tesco as my current deal with my bank is due to end soon. However i was wondering about the valuation etc, as im a bit worried about the property market in Aberdeen due to the oil crash and whether my value to loan will be ok for the deal i want. If the valuation is carried out and they cant offer me the mortgage i want do i get charged for them carrying out the valuation? As i can see there is no fee for the valuation normally on a remortgage. Thanks
  • 1 Reply

  • EileenM's Avatar
    Former Your Community Expert
    Hi  thanks for getting in touch. I can understand you'd be concerned about the valuation but I'm afraid there's no way we could advise you of the outcome or not do it as we need an up-to-date value of the property. There will be fees involved when going through a mortage and you can find more information on those here. I hope this helps!