I'm switching mortgages in Dec 22 as my fix term finishes. I bought my house in 2020 with a LTV of 80%. I see houses sold around me that if I take into consideration the price per sqm, it would give me a valuation of less than a 60% LTV. Does anyone know what does an auctioneer take into account when doing a valuation the property?
Pretty much what you said there. Once your place isn't falling down they will base their valuation on the going rate (similar size/price per M2) in your area.
