Independant Valuation

Pricy147

Rather than the cost and rigmorole of getting valuations per lender. Can you go direct to a surveyor - e.g. esurve, and get an indepandent valuation which can be presented to different lenders.

esurve suggested this could be done, with a £40-£45 x-fer fee onto a lenders headed paper. But HSBC seemed coy, and are 'getting back to me'.

There is no reason or justfication for having to fork out for multiple valuations by different lenders. The property is not changing - and surveyors should have to work under strict guidance and controls - so there 'should' (I know this is not the case) be little different between valuations of different surveyors.

Would be interested to here of experienced and inside knowledge of this!?

Interesting article here too! HSBC undervalued my property (based on their own professional survey from 2 years ago) by 35% (this on their online house price index valuations). Nationwide house price index suggests a 4% drop. Something not right.

http://www.e1buytoletmortgages.co.uk/news/mortgage-news/halifax-hikes-mortgage-cost-by-undervaluing-properties-2850.html

luckyfool

If you are in Scotland, and its a purchase then maybe.

In England/Wales/Northern Ireland, fat chance. The lender wants to control the survey.

brit1234

Unlikely with all the mortgage fraud which went on during the housing bubble. Lenders don't trust them