Santander Mortgage valuation undervalued

marty175

Hi everyone, we are wanting to buy a new build, in Northern Ireland, turn key, agreed price 99k. The valuation has come back after 2 weeks waiting, 95k. Im not sure what to do now, the developers said the same happened our neighbour (they are building in blocks of 2) but that they just paid the remainder themselves. I can only take their word for it, im not sure if its the truth or not, the developers has told me before as i has asked them that they never has this issue before. The market is only going to improve i feel so paying 99k is worth it, would just like some unbiased opinions to reflect on please? I have put down a holding deposit of 1k which i think half is refundable if i pull out.

Thrugelmir

What extras or incentives is the developer giving you within the sale price?

marty175

do you mean what incentives extra now that its under valued? none i dont think, i will try to bargin with them tomorrow but i dont think he will at all! House is nearing completion approx 3/4 weeks,see below for whats included already
• Kitchen and utility room complete – without washing machine/tumble drier
• Bathroom complete
• Floor and wall tiling complete in kitchen, bathroom and utility room
• House painted both internal and external
• Laminated flooring throughout
• Fireplace fitted
• Gardens sown out and tarmac driveway