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Yes, if there is a higher than expected index value, the lender will normally use this.
If they ask you on an application what your estimated property value is, use their electronic index value.
The lender won’t want to bother shelling out money on a physical valuation.I’ve been doing remortgages for some folk, lenders have been fairly generous with their valuation figures on the whole. (Less so on buy to let valuations though)
Acliff
Glws
Kurai
When I remortgaged recently the 'electronic index value' seemed higher than the probable market value to me. If I wanted to remortgage and borrow further do you think my lender would use the electronic index value?