HSBC undervalued home by £50-60k!

dunstonh

I have just read this thread in its entirety, and the replies here are astonishing. Any hint of someone potentially making a profit on the sale of their property and the knives are out.

You must be reading a different thread to me.

Oh do you even know anything about property, don't you know we are in a recession and house prices are going down, don't bother threatening legal action as it's meaningless, don't even try and change the valuation as there is very little chance it will change, do you know surveyors give a value for mortgage purposes rather than an expected sell price as an EA would (it was already mentioned in the OP duh!!)....oh and finally....make sure you ring up HMRC as if you DO manage to get your higher valuation and eventually sell the property...you must declare all profits to the tax man. OP had already mentioned this was their primary residence and therefore no tax implication arises!

The responses were mostly correct.

matt1234

dunstonh wrote: »

You must be reading a different thread to me.



The responses were mostly correct.

All bar two were useless to the OP.

It is pretty obvious reading between the lines that people do not like the idea of someone making money through property development. There must be a lot of HPC'ers on here.

dunstonh

matt1234 wrote: »

All bar two were useless to the OP.

It is pretty obvious reading between the lines that people do not like the idea of someone making money through property development. There must be a lot of HPC'ers on here.

It is closer to two not being of use. The rest either repeat the position or ask questions to find out more info.

Thrugelmir

matt1234 wrote: »

It is pretty obvious reading between the lines that people do not like the idea of someone making money through property development. There must be a lot of HPC'ers on here.

The property hasn't been sold. Merely valued for mortgage (loan) purposes.