Revaluation problems

Dave_Ham

Simon_gloster wrote: »

I think, and I might be wrong, the index linked val is related to your post code along with the house price index. Halifax and nationwide have these as long as you know a certain price paid at a particular time.

As mentioned you can challenge, but like anything in this world you need to prove your arguement.

If you do complain and they give you £50, which they wont, you'll still be with them.

£100 its LBG, C&G, Halifax, BM?

As to your occupation, a lot of lenders entertain burseries, if you get one, so not a lost cause.

My gut reaction on index valuation and slightly unusual income would be a broker application to Halifax 2 years ago.

Although, the very appealing rates on offer blew them right out of the water..

Not sure if Natwest use the index valuations, but offer decent enough rates and send out a little table thingy so hedging my bests on Natwest...

I do wish you well with the complaint though....

JimmyTheWig

k1tt1kat wrote: »

They couldn't explain to me how they came to the valuation of 114K, except that it was 'index linked'.

They believe that prices in your area (that's the "index") have fallen by 5% since you bought it.
So the value of yours has dropped from £120k to £114k.

Do you think that prices in your area haven't dropped by this much? If so, what are you basing that on?
Or are you saying that the house is in a significantly better condition now than it was when you bought it? If so, how much have you spent on doing what?