![]() So which house valuation sites are the best? We've compiled a list of the top 6 online property websites and listed the pros and cons of each to better understand how they work, which features are beneficial and which is best for you to use when trying to get an online valuation for your property. But as a general rule, every online valuation tool will give you an approximation of its current value based on its parameters. The accuracy of an online property valuation tool will depend entirely on the individual website and what data and details they are using for their estimate. ![]() Some websites require different levels of data to achieve their results, which may affect the accuracy of the valuation. Online home valuation tools use millions of data points, including the uk house price index, sold house prices in your area from land registry data, current market trends and property size, to generate an estimated value for your property. How do online property valuation websites work? Although it will never be as precise as an RICS-assessed valuation, it’s a good starting point. ![]() Online valuations are the quickest and easiest way to gauge your property's current market value. If you're looking to raise finance secured on a property asset through a bridging loan, secured loan or mortgage product - ascertaining the current market value of your property is the first step in understanding how much you can borrow - and its easy to do as there are many free property valuation websites to choose from. Valuers are also acutely wary of the predicted price drops in their valuations. In November 2022, property website Zoopla said it expected prices to fall by 5% in 2023 and Lloyds Banking Group has said it expects house prices to fall by around 8% next year.Īs lenders react to falling prices, they will be looking to minimise their risk exposure on property finance, potentially by lowering their current LTVs. Nationwide put the average house price at £268,282 in October 2022, down 0.9% from the previous month. In this article, we review the top websites that can help you gauge the current market value of your UK property - for free. ![]() For those reliant on property-secured borrowing, discovering the current market value of their property is essential to understanding their current loan-to-value (LTV) ratio. Top 6 websites that offer instant online UK property valuations Top 6 websites that offer instant online UK property valuationsħ minute read Whilst the full extent of the predicted UK property market crash in 2023 remains to be seen, a clear downward trend is emerging - property prices are dropping. ![]()
0 Comments
Leave a Reply. |