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Nationwide Valuer's drive by & undervaluing

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  • jolikyle
    jolikyle Posts: 10 Forumite
    the value 18months ago was by an estate agent. read the posts- i never expected it to be valued at that by a mortgage valuer! i expected 175 from them like i stated previously and thats pretty close to what i got. some people!! my purpose of posting was for advice for our mortgage- never once did i ask for advice about selling our property. get off your high horse trying to put people down. although they do say people only do that because of there own inadquecies- any issues you'd like to discuss??
  • kingstreet
    kingstreet Posts: 39,268 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'd like to close this rather unedifying thread by suggesting anyone looking to remortgage or take a new product from their existing lender consider having the property internally inspected in preference to a desktop or a drive-by, even if there is a charge.

    Getting the LTV you want and the deal you want appears preferable to the alternative. I only accept a drive-by for my clients when the LTV is 50% or less and I trust the source of the 50%.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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