help to convince my lender that my house is worth more than valuation

dch_2

hi

we are currently in the process of getting a fixed rate at 75% ltv. Unfortunatley however the valuation has come in at 25k lower than what we need the valuation to be.

RBS have said if i can prove some proof that the house is worth more by sending details of houses that have sold in last 3 months that are comparable then they will look at this.

I guess therefore the question is does anyone know of any website where you can search for house prices in the last 3 months that also allows you to search by type of property and number of bedrooms.

Failing this has anyone had any experience of appealing and winning and have some cunning tips ?

heres in hope of some helpfull advice and thanks for looking

cheers

Craig

chirpchirp

try upmystreet I think it is .com Not sure if it gives you all the information you require - but worth a try!

opinions4u

Wolu wrote: »

It might worth you to rent out one of you rooms. If you have more income generated from your place, they valuation prices will be higher. Good luck

That is absolute nonsense. Sorry.

_Andy_

Wolu wrote: »

It might worth you to rent out one of you rooms. If you have more income generated from your place, they valuation prices will be higher. Good luck

On what basis do you believe this?

Wutang_2

Wolu wrote: »

It might worth you to rent out one of you rooms. If you have more income generated from your place, they valuation prices will be higher. Good luck

Oh my god - thats the worst advice I have ever seen on here!!

Wakey2008

Ourproperty.co.uk is a good one for house sales.

StuTheDon

dch wrote: »

hi

we are currently in the process of getting a fixed rate at 75% ltv. Unfortunatley however the valuation has come in at 25k lower than what we need the valuation to be.

RBS have said if i can prove some proof that the house is worth more by sending details of houses that have sold in last 3 months that are comparable then they will look at this.

I guess therefore the question is does anyone know of any website where you can search for house prices in the last 3 months that also allows you to search by type of property and number of bedrooms.

Failing this has anyone had any experience of appealing and winning and have some cunning tips ?

heres in hope of some helpfull advice and thanks for looking

cheers

Craig

Hi - 25K is quite a big difference. Hopefully you can get some eveidence together from actual sales in the last 3 months. I think this is your only option.

Good luck.

leatherneck

This is identical to what has happened to us last week, although they had originally offered us 80% ltv they have increased it to 85% due to it only being interest only.
When I questioned the valuation they said that if I could get an independant valuation then they would look at it. Due to them increasing the ltv % we only need to scrape together approx 4k.
Good luck.

alanobrien

Try
http://www.zoopla.co.uk/home-values/

SelbyJay_2

The land registry is the best website to look at. They record actual sale prices. This is a govt site too, which will hopfully add weight to your argument.