Valuation report - Please help?!

Kyrae

It all depends on how much you like the house really, how long you'll be living there, and how big your deposit is. The lower valuation may prevent your mortgage lender lending you the full amount you need if your deposit isn't very large. If the house is the house of your dreams and you're planning on living there a long time, then maybe it being worth less than your paying won't matter to you, who knows what house prices will be doing in 20 years time anyway. But make sure that your deposit is large enough that you don't risk negative equity in the event of your circumstances changing and you needing to sell the house. Might be worth researching local house prices yourself too and checking out prices other houses on the estate have sold for, might give you a better idea of whats a fair price

brit1234

Pay £130k or walk away, as the others said its not worth going into negative equity for.

poppy10_2

The house was overpriced by the builders, count yourself lucky - offer £130k or move on.