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Valuation Help

Hi,

Hope someone can help or shead some light on my situation.

My partner and I are currently trying to buy a new build Barratts house under the governments Homebuy Direct Scheme. We have found the house we like and via a Financial Advisor submitted our applicaiton to RBS. So far everything has gone well, we have been approved by My 4 Walls (the government lenders ) and we have been approved by RBS.

Earlier this week we paid £275 for the valuation. The valuer has gone back to RBS with their findings and stated that they beleive the house to be worth £30,000 less than the asking price !!!!

Apparently the valuer, while at the plot with the Barratts sales lady, advised her that he does not approve/agree with this scheme.

My quesition is..... has any one else had this problem, if so was it resolved or not and what are our options from here ?

Hope someone out there can help.

Thanks

Comments

  • see Mortgages board thread.
  • Hi,



    Earlier this week we paid £275 for the valuation. The valuer has gone back to RBS with their findings and stated that they beleive the house to be worth £30,000 less than the asking price !!!!


    This is stating the obvious but the valuer is correct and the housebuilder is trying to squeeze as much money out of you as they can.
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