Who does Santander use for valuation?

LondonMoneySpendingExpert

Hi,

I was wondering if some one could help. Does anyone who Santander us when doing a valuation? Do they use Esurv?

Thanks

thomasdown

It can be anyone they put the job out to various companies, a company called countrywide I'm led to believe take alot of the all the banks valuations on. They took mine on a few months ago and my cousins who is with another bank and my brother who is with another bank aswell.

Muscle750

If this is for remortgaging dont expect miracles they always under value, if you are newbie for santandar hopefully you will be ok.

Thrugelmir

Depends on your locality. Esurv are one of the largest chains in the country. So there's a high chance it may be them.

LondonMoneySpendingExpert

Thanks Thomas. The reason I ask is because a friend of mine had a valuation done by esurv through woolwich which was 15% below the asking. He's thinking of going for a mortgage with santander and hope their valuation will be the same so he can put pressure on the seller to reduce the price. I wasnt sure if that was a good idea

Thrugelmir

What's the likelihood of the seller dropping the price by 15%?

Are there reasons for the lower valuation?

LondonMoneySpendingExpert

Its a shared ownership! So not sure what the odds are.

The surveyor stated that he felt the seller price was excessive due to the location and felt that resell would be tough. otherwise he was happy with the property it self

sheilds

Hi there-we recently moved into our new home-Mortgage with Santander-valuation with Esurv-was spot on our venders valuation-no changes.

LondonMoneySpendingExpert

sheilds wrote: »

Hi there-we recently moved into our new home-Mortgage with Santander-valuation with Esurv-was spot on our venders valuation-no changes.

Thanks Shield..i guess thats the concern that if it's esurv again I'm sure they'd use the woolwich valuation they did.