Mortgages: To fix or not to fix?

[Lightwave]

It seems to me that estate agents and valuation surveyors take a lot of notice of what Zoopla says.
When we sold out last house, the valuations we got from estate agents changed overnight when the house next door's sale price worked through into Zoopla's calculations.

So unless your house is well out of the ordinary, or you've improved or trashed it, indexing the price via Zoopla should be fairly accurate.

[TykeMerc]

It seems to me that estate agents and valuation surveyors take a lot of notice of what Zoopla says.
When we sold out last house, the valuations we got from estate agents changed overnight when the house next door's sale price worked through into Zoopla's calculations.

So unless your house is well out of the ordinary, or you've improved or trashed it, indexing the price via Zoopla should be fairly accurate.

I guess that makes some sense as there's a lot more credibility to a recent sale price than some figure an estate agent comes up with.
Of course comparing the sale price of houses in the same street may easily be comparing apples with apricots with cherries so it's just a different type of inaccuracy.

[d000hg]

Zoopla is not to be trusted in my opinion. It consistently tells us the 1st house we bought for £60k in 2005 is worth considerably more, but local agents say it's worth less than we paid.

As for our current street, it lists our house as having risen 50% in 2 years and shows identical properties on the street varying by almost as much from each other!

[Halo Jones]

I think need is a little overstating it, but I'd rather pay a bit more for a guarantee of stability over the next [x] years.

+1

[SueEllen]

It seems to me that estate agents and valuation surveyors take a lot of notice of what Zoopla says.
When we sold out last house, the valuations we got from estate agents changed overnight when the house next door's sale price worked through into Zoopla's calculations.

So unless your house is well out of the ordinary, or you've improved or trashed it, indexing the price via Zoopla should be fairly accurate.

There are actually other more accurate websites that use land registry data as part of their calculations than Zoopla.

Zoopla calculates properties on the same road that are exactly the same as different prices. Other websites don't do that.

[d000hg]

I'm on the verge of completing on our first house. We are fixing for 2 years at 2.59% (83% LTV).

Even fixed rates are coming down. Read into that what you want about the lenders own outlook.

Our fix with Coventry was about 2.68% when we first arranged it back in October. It came down to 2.59% and we switched product (still not completed) for no extra fee. They've dropped their application fee of £199 too. I now see its dropped again to 2.49%.

Sounds good - our LTV was 85% I think and our fixed rate with The Coventry is at 3.55%, which was one of the best at the time (which would have us).

I got just today a letter from them reminding me to check their other products so will have to do that.

[vetran]

fixed for 5 years late last year at the lowest rate I have ever taken a mortgage out.

If we get UKIP,SNP or similar nutters or some idiot pushes us closer to Europe its highly likely it will prove to be a wise decision.

[vetran]

There are actually other more accurate websites that use land registry data as part of their calculations than Zoopla.

Zoopla calculates properties on the same road that are exactly the same as different prices. Other websites don't do that.

any suggestions of sites?

[TheCyclingProgrammer]

Just wanted to say thanks to OP for starting this thread and making me look at our lenders rates again. We were due to exchange this week and having spotted the new rate, our broker is going to submit an amendment/product change for us, after confirming with out solicitors that they can proceed to exchange with our current offer.

We've managed to get two reductions now since our original application in Octobet, down 0.2% and saving about £30/month!

[SueEllen]

any suggestions of sites?

How much is my house worth? Get a Price Comparison Report

https://www.propertypriceadvice.co.uk/

Land Registry Sold House Prices and Property Valuations

https://www.hometrack.com/uk/product...uation-report/