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House undervalued by HSBC
Comments
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OP - is this a remortgage or a purchase?0
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Go back to the seller and offer 140,000 on the basis prices have fell since the valuation.0
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kingstongold wrote: »Basically house was valued by them at 145.
We thought it was nearer to 160 and 2 estate agents confirmed this, one said even 165+.
The whole mortgage was agreed and we'd paid the fees but there is the massive difference in the valuation.
What can we do?
:rotfl:
Why oh why do you want to over pay for a property. House prices are falling fast, it makes sense to get the property as cheap as posible to reduce the amount of negative equity you are going to suffer.:exclamati:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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We don't know this is a purchase yet.0
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WHO is the fool?..you for believing a bank can undervalue a house in todays market. if i was you i would thank the valuer and he has saved you a lot of money you would of lost..some people just dont get it do they? undervalued house????? my god there is one born every day...:rotfl::rotfl::rotfl::rotfl::rotfl:if you asked a turkey do they like Christmas what do you think the answer will be...same with estate agents last people i would ask about property values..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Ok, i think the OP has the message now.
Any chance of a follow up from the OP to comment on the posts above. Be nice to see if you understand what we are saying or whether its gone over your head a little.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
I'm with Andy on this one... to me it read as a Re-mortgage..
OP Where are you!!???0 -
It's a remo so the comments about purchases can be wound back in (see an older post by OP relating to a remo in september).0
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So the OP was feeling miffed because the valuer has stolen his 'hard won' equity.
He posted on here & now is even more miffed.
Though I could be wrong............ it happens once in a while..............0 -
Congratulations OP.
:beer:
You have acquired celebrity status and been mentioned in The Hall of Fame that is housepricecrash.co.uk.
:rotfl:
:T0
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