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Mortgage valuation less than purchase price

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  • twink1108
    twink1108 Posts: 97 Forumite
    We're currently awaiting other people's valuations to come in. Should they come in similar to ours, then we should hopefully be in a position to negotiate the price. Should they come in higher than ours and closer to the purchase price then we should be able to negotiate with nationwide to turn their current valuation over. Either way, nationwide have offered us the extra £16k to cover the amount we'd be short. Obviously I'm currently hoping that they will be forced into lowering the sale prices!
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    twink1108 wrote: »
    We're currently awaiting other people's valuations to come in. Should they come in similar to ours, then we should hopefully be in a position to negotiate the price. Should they come in higher than ours and closer to the purchase price then we should be able to negotiate with nationwide to turn their current valuation over. Either way, nationwide have offered us the extra £16k to cover the amount we'd be short. Obviously I'm currently hoping that they will be forced into lowering the sale prices!


    Probably about half the country is with you on this.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    GDB2222 wrote: »
    If HTB is inflating house prices, then withdrawal of HTB may lead to prices reducing again. That's the theory, anyway.


    Best to stay completely away from HTB IMO.
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