We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Property under valued?

13

Comments

  • harding1985
    harding1985 Posts: 224 Forumite
    Christ.. our cash buyer has also pulled out of the deal this morning!!

    Who said that moving home was easy lol
  • Kynthia
    Kynthia Posts: 5,692 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    harding1985 wrote: »
    Christ.. our cash buyer has also pulled out of the deal this morning!!

    Who said that moving home was easy lol

    No one ever!
    Don't listen to me, I'm no expert!
  • mikeyscott
    mikeyscott Posts: 88 Forumite
    harding1985 wrote: »
    Christ.. our cash buyer has also pulled out of the deal this morning!!

    Who said that moving home was easy lol

    Sorry to hear that, if that happens to us I'm walking away from it all and getting back to enjoying life for at least 12 months before I consider this rubbish again..
  • snowwhite8890
    snowwhite8890 Posts: 7 Forumite
    Exactly in the same predicament here. Mortgage valuation came in at £15k under agreed price. Had our own structural survey done which valued it at £10k under. Have gone back to the EA with this info and awaiting a response. If they can find some comparable sales within the last 6 months then we can appeal mortgage valuation. £10-15k is going to be a hard pill to swallow for the seller. Not getting my hopes up!!
  • harding1985
    harding1985 Posts: 224 Forumite
    mikeyscott wrote: »
    Sorry to hear that, if that happens to us I'm walking away from it all and getting back to enjoying life for at least 12 months before I consider this rubbish again..

    Well i'm prepared to but the other half isn't. So it appears we are pulling out all the stops. You know know who wears the trousers :D
  • harding1985
    harding1985 Posts: 224 Forumite
    snowwhite8890 wrote: »
    Exactly in the same predicament here. Mortgage valuation came in at £15k under agreed price. Had our own structural survey done which valued it at £10k under. Have gone back to the EA with this info and awaiting a response. If they can find some comparable sales within the last 6 months then we can appeal mortgage valuation. £10-15k is going to be a hard pill to swallow for the seller. Not getting my hopes up!!

    Good Luck, hope you can come to some arrangement on the price.
  • mikeyscott
    mikeyscott Posts: 88 Forumite
    harding1985 wrote: »
    Well i'm prepared to but the other half isn't. So it appears we are pulling out all the stops. You know know who wears the trousers :D

    You mean they think they wear..... ;)

    I've got to the stage of if it happens great, if not oh well.
  • harding1985
    harding1985 Posts: 224 Forumite
    edited 4 September 2014 at 6:38PM
    Well what a day!! Unfortunately for us we have had to stump up a larger deposit than originally agreed with Nationwide, but the good news is we are back on track!

    State of play

    - Sold current property to original buyers for 175k (down from 180k)
    - Purchased property for 245k (down from 247k)

    Deposit has risen from roughly 3k to 15k due to NW lowering the amount they are willing to lend us.

    Anyway good luck to all going through this atm!
  • harding1985
    harding1985 Posts: 224 Forumite
    mikeyscott wrote: »
    You mean they think they wear..... ;)

    I've got to the stage of if it happens great, if not oh well.

    Ha Ha..

    You have the right mind set, what will be will be.
  • mikeyscott
    mikeyscott Posts: 88 Forumite
    harding1985 wrote: »
    Well what a day!! Unfortunately for us we have had to stump up a larger deposit than originally agreed with Nationwide, but the good news is we are back on track!

    State of play

    - Sold current property to original buyers for 175k (down from 180k)
    - Purchased property for 245k (down from 247k)

    Deposit has risen from roughly 3k to 15k due to NW lowering the amount they are willing to lend us.

    Anyway good luck to all going through this atm!


    Good luck with the further progress
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture