We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Valuation done, finally!
tomstickland
Posts: 19,538 Forumite
The EA was on the phone to me last week, apparently the vendor has been a bit miffed at the slow progress with flat purchase. Luckily, the EA is pretty cool about it all and has taken the strain on my behalf.
The surveyor's valuation arrived in the post today. They have valued it at £86,500, exactly what I'm paying for it. Is this wat they value it at or have they looked at the purchase price and agreed that it's worth this?
Either way, I'm pretty chuffed, because they've not highlighted any issues and hopefully the mortgage can go ahead quickly now.
The surveyor's valuation arrived in the post today. They have valued it at £86,500, exactly what I'm paying for it. Is this wat they value it at or have they looked at the purchase price and agreed that it's worth this?
Either way, I'm pretty chuffed, because they've not highlighted any issues and hopefully the mortgage can go ahead quickly now.
Happy chappy
0
Comments
-
Congrats, have you had any of your searches back yet? We got ours today and the solicitor is looking to actually close next week.It's not easy having a good time. Even smiling makes my face ache.0
-
Not heard from the solicitor for a while now, I'll check tomorrow. I'm hoping we can exchange soon.Happy chappy0
-
Well done....
Usually if the property is found to be ok then the value is usually stated as the selling price on the valuation report....Debt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!
0 -
they match your purchase price as long as it is worth it. They won't state it is worth more, it's just so that the mortgage company will be able to reclaim the appropriate amount if needed0
-
Thanks, so the surveyor is "rubber stamping" the price rather than miraculously coming up with a valuation that matches what I paid. I'm getting quite excited about this now.Happy chappy0
-
tomstickland wrote:Thanks, so the surveyor is "rubber stamping" the price rather than miraculously coming up with a valuation that matches what I paid. I'm getting quite excited about this now.
Yep thats right...the valuer is basically saying that the property is worth the price your paying for it.....is it a mortgage purpose valuation or a full one....Debt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!0 -
the minimal one.
I've done a lot of building work myself in past, so I'm happy with the internal structure and condition. It's leasehold, so the exterior condition is not my problem.Happy chappy0 -
tomstickland wrote:the minimal one.
I've done a lot of building work myself in past, so I'm happy with the internal structure and condition. It's leasehold, so the exterior condition is not my problem.
So basically the valuer is saying that th property is worth the price your paying for it and its suitable security for mortgage purposes.....
Exterior is your problem indirectly via the service charge you will be paying!Debt at highest (November 2005) = £35,856
Debt currently (August 2006) = £20,790
&More £1,530, Egg £6,800, HSBC £3,760, Egg Loan £8,700
Interim goal = £23,400 (Target: February 2006, Missed but acheived May 2006)
2nd Interim Goal = £15,000, Target October 2006
Debt Free Date = February 2008 BUT I'M GOING TO BE TRYING FOR SOONER!!!0 -
Yes, but that's the way it is and I don't need a surveyor to tell me what I can for myself. Etc etc.Happy chappy0
-
[QUOTE=tomstickland
It's leasehold, so the exterior condition is not my problem.[/QUOTE]
I'm with nmiah on this one, the exterior condition should concern you very much! Especially if the condition is a bit shabby as this could mean you are in for a hefty bill when maintenance & redecoration takes place.The bigger the bargain, the better I feel.
I should mention that there's only one of me, don't confuse me with others of the same name.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards