Nationwide valuation error (alledgedly!!) can I take action?

dopester

benthebookie wrote: »

To cut a long story short....good news! The builders have dropped it!

So in the end it's hats off to Nationwide for saving me 30K!

Well, that is partial good news.

Good luck + please do something to thank Nationwide. Just a few months ago you might have scraped in under old valuations and be borrowing and then paying for £30K more than you should have.

£30,000. THIRTY THOUSAND POUNDS.

lynzpower

£30,000. THIRTY THOUSAND POUNDS

agreed. Try to visualiste JUST how long it would take any of us to earn 30,000 pounds.

Its a staggering amount of money you have just saved :beer: Once you add in the interest its whopping.

I hope you broke out the champers ( or cava) last night, this is one of the best things that has ever happened to you, be grateful, very grateful that this happened. :beer: :T

Running_Horse

If I have interpreted this (and other) discussions correctly, Nationwide has single-hadndedly decided to force builders to drop their prices. Maybe they knew something about that particular housebuilder the buyer didn't. Very good stuff if it continues.

hethmar

Nationwide have always erred on the prudent side. I have long had my account with them and hope they continue to be as financially astute as they always have been.

Running_Horse

I have my current account and mortgage with them. Being old enough to remember the mania for endowments, I was equally cautious of the recent trend for 2 year fixes with NR. Their business model might be boring, but it will stand the long term test of time.