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Property Valuation Report - Halifax/Colleys
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Tellymikey76
Posts: 1 Newbie
My wife and I have applied for a mortgage with Halifax. We are looking to borrow £190k against a £230k purchase price. We've seemingly sailed through affordability, credit checks etc... Our issue is that the valuation report done by Colleys suggested the house isn't worth £230k due to needing a new roof and having damp problems. We, in turn, brought in reputable national contractors who have compiled reports saying there are no issues with the roof and the damp issue can be sorted for less than £1k. We have submitted both reports to Colleys. Halifax say they will issue an immediate offer based on the valuers review. Is this likely to go in our favour? Or, should we make an alternative plan as the buyer of our house wants a quick completion and is putting the pressure on.
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