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Overvaluation of Property
Comments
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No you can't. Stop being silly.0
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Surely if you were so worried about the value then you should have paid for an individual valuation?
I don't really get this thread.
Are you after a payment from the bank for lending the money you asked for?
If so, I am not quite sure what the world is coming to.0 -
This is a wind up right? You paid too much. You. Nobody else.0
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Sue NatWest
Sue the housebuilders
Sue your solicitor
Sue their solicitor
And above all, sue mrginge0 -
The valuation isn't for you it is for the mortgage lender to assess the value etc so can assess whether it will act as suitable security for the amount borrowed.0
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It sounds like you have no case against NatWest.
But if you're saying that the housebuilder told you that house had been valued at £153k, but in reality, it had only been valued at £125k - that could be misrepresentation. So you might have a claim against the housebuilder.
But, obviously, it depends on exactly what was said, and what evidence you have that it was said (e.g. letters, emails etc)0 -
So they gave you a 90% mortgage instead of an 85% mortgage? If you think they lent you too much money, just give some of it back and the 'problem' is solved.0
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They gave him a £130k mortgage on a property he was paying £130k for.Typhoon2000 wrote: »So they gave you a 90% mortgage instead of an 85% mortgage?
I'd call that 100%.0 -
With all the adverts about reclaiming PPI, may be the OP is hoping over valuation will be next? Goes off to register haveigotovervalued.com0
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Rather than simply say 'no chance' I would say that this claim probably has similar merit to a PPI claim. PPI claims were 'no chance' until it was declared a scandal.With all the adverts about reclaiming PPI, may be the OP is hoping over valuation will be next? Goes off to register haveigotovervalued.com
In moral terms, what NatWest has done to OP is similarly scandalous, but his chances depend on it being officially declared a scandal.0
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