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Remortgage Issue with House Evaluation
ColinThomson
Posts: 1 Newbie
Hi there,
I'm in the position of remortgaging our property. We sat down with Santander and agreed a deal which was approved however we based the existing cost of the property as £182k, this was arrived at as 2 house exactly the same in our street were sold for this amount.
I should add the house is a new build about 5 years old now.
The bank arranged for a survey to be done on the property, which was carried out while I was away on holiday and done externally with no access to the inside of the house. The surveyor has valued the property at £173k and now the bank have withdrawn the agreed deal.
I would like to know where we stand now with regards to the bank, can I contest this evaluation? Or pay for one myself and have that accepted as the proper evaluation.
thanks
Colin.
I'm in the position of remortgaging our property. We sat down with Santander and agreed a deal which was approved however we based the existing cost of the property as £182k, this was arrived at as 2 house exactly the same in our street were sold for this amount.
I should add the house is a new build about 5 years old now.
The bank arranged for a survey to be done on the property, which was carried out while I was away on holiday and done externally with no access to the inside of the house. The surveyor has valued the property at £173k and now the bank have withdrawn the agreed deal.
I would like to know where we stand now with regards to the bank, can I contest this evaluation? Or pay for one myself and have that accepted as the proper evaluation.
thanks
Colin.
0
Comments
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You might be able to pay for an internal inspection.
I think you're going to have to ask the lender.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.0
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