Mortgage Warning! The Evaporating Equity Trap.

Baz_2

neverdespairgirl wrote: »

If by 2 steps up from yours, you mean it's bigger etc, I can't see yours being valued at more than £180k. If by 2 steps up, you mean next-door-but-one and the same as yours, I bet they don't value it at more than £190k.

That's the worry of course. It doesn't take a chartered surveyor to do a valuation like that though does it.

That one isn't on nethouseprices yet and the other sales have been for normal prices. Sometimes you just get desperate people who need to move quick, 3 years ago the same type of house sold for £195k, but yet 3 or 4 have gone for £235k since then until this one for £190k.

We will see.