** Price Inflation & Surveyors Report **

SandC

I think I would have to walk away as well. Who are they planning on getting in to do this 'valuation' and what makes them think Nationwide are going to accept it?

Valuations are cautious right now - but lenders are equally cautious. Whilst the ones working directly for lenders might have some guidelines to stick to they have nothing to gain by undervaluing a property. And anyway the old saying still remains, 'a house is only worth what someone is prepared to pay for it'. If you are not using your own money that reverts to what the lender is prepared to pay for it.

jimjames

Taffy1234 wrote: »

Any other ideas from anyone?

So 2 out of 3 are not sold so don't overpay! Not sure what else you want to hear? If the valuation is £170k why would you want to pay more?

The suggestion from the builder will clearly benefit them but why would you want to pay a mortgage for 25 years to keep them in profit? Chances are they will drop the price, if not now then early next year when it is still not sold.