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Barclays!!
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I'm in the process of re-mortgaging with Barclays. Their advisor put in an estimated value of £290k and he told me that the system had automatically accepted the estimate so no actual valuation would be required.
A couple of days later I heard news of the Barclays scandal and how they're being fined £300m by the FSA. A couple of hours later I get a call from the guy at Barclays saying that the system has revoked the accepted estimate and they'll be sending out someone to do a valuation which will come in lower, perhaps at £275k!!!
Even Zoopla said £283k and I've been told they're conservative.
Are Barclays passing on the fine to their customers by tweaking all the loans that are mid-process??
How did the adviser know that it would get valued at £275k BEFORE the valuation took place!?
This seems massively unfair. Why should I be punished just because they got caught rigging the rates!?
Has anyone else just suffered a loan or re-mortgage going pair-shaped at the exact moment news broke about the scandal?
Grrr0
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