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.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Down-valuation advice needed!
Comments
-
Can I ask why you've advised that banks4u?
The estate agent acting for the seller has estimated the value of the property where as its the lenders valuation service that have down valued it.
I would rather trust the second opinion of another lender on this matter before I decide how to proceed.0 -
The Estate Agent earns commission on the sale hence higher valuation. The lender has to cover the eventuality of default and so there valuation is more likely the realisable value of the property.0
-
I just though I'd pop back to explain how the situation has panned out.
The valuation from Halifax came back at the agreed sale price of £124k which I'm relieved and happy about.
It's a real shame Principality's valuers wasted our time and £300 of my money but I'm over that and Halifax's 1% bonus is the real sweetener out of this situation!1
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards