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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Hutch[/i] [br]Questions re Equity We have a property which has a mortgage and secured loan against it and have had a recent market valuation from a local estate agent which basically indicates that we would have around £10k equity (excluding sale costs) after repayment of both mortgage and secured loan. The property is in joint names with my husband and we are both considering BR. My questions are: 1)After deducting 2% sales costs, this would leave approx £5k equity if sold at the current market value. Would this level of equity be considered significant enough to force a sale? 2) On what basis should the property be valued? Should we be getting a valuation on a forced sale basis (which would probably be lower than the market value)? 3) I've heard that surveyors often value properties more negatively than local estate agents - does anyone know if this is the case? 4) When in the BR process is the property actually valued? And is the valuation done by us or the OR? Obviously we are just considering whether there is any possibility of keeping the house should we go down the BR route so any advice on equity and valuations appreciated. Hutch [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.