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How to complain
Comments
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At last someone mentions the magic words which may even be deliberately low. From what I recall of a recent BBC News article, the lenders are oppressing the valuers into ‘running scared’ valuations, as in the past they have sued them over losses.…little to do with the argument at hand which is to do with erroneously low property valuations (which may even be deliberately low) and which could reduce the amount the vendor is able to realise.
Not that anything could ever of course be the lender’s fault… :rolleyes:0 -
not_loaded wrote: »At last someone mentions the magic words which may even be deliberately low. From what I recall of a recent BBC News article, the lenders are oppressing the valuers into ‘running scared’ valuations, as in the past they have sued them over losses.
Not that anything could ever of course be the lender’s fault… :rolleyes:
What I and the OP want to know is there any way that the small man (in this case the vendor) can fight back against the large lender (in the case of Lloyds an almost monopolistic one) against an iniquitous practice?0 -
Well the banks and building societies make their money by lending money. From quite a few MSE posts recently it appears that valuers are going in at 90% or so.
That isn’t a sustainable position for anybody in the equation.
It’s a difficult situation for the individuals involved, but they aren’t the ones making policy. I would certainly complain, but also I’d not expect to get anywhere with it. Sorry.0 -
So what happened Jewel? Did they up their valuation?0
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