Remortgage valuation eyewateringly low!!

noddynoo

We had a surveyor come round to do a valuation for our landlord to remortgage (we rent) We live in a very popular and expensive road and last house sold her may last year for 600 exactly. The houses are identical but this year April the valuation here was 495

Soundgirlrocks

eddddy wrote: »

Remortgage valuations always seem to be low.

Not always, when I re mortgaged last year the valuation came back £25k more that I had put on the forms and a note that I had under estimated the value! I don't 100% agree but it made no difference to my rate so I just ignored it, ultimately if I sell the only accurate valuation will be what someone pays.

Crashy_Time

ClaireMC wrote: »

You go on to thread after thread and argue and derail legitimate questions. You need to stop this, you are helping no one and in fact being a hindrance! I genuinely think you need to step away from your computer and go and live a proper life - not being rude here but seriously there are better ways to spend your days!

BTW my second valuation has come in at £120K MORE than the first one so it is worth questioning a surveyor if all the evidence shows it to be wildly differing!!

Seriously doubt that "questioning" a surveyor is going to result in a 120k uplift in value for most people ...:rotfl:You are definitely in a minority IMO.

Crashy_Time

noddynoo wrote: »

We had a surveyor come round to do a valuation for our landlord to remortgage (we rent) We live in a very popular and expensive road and last house sold her may last year for 600 exactly. The houses are identical but this year April the valuation here was 495

Nice drop...if you are a buyer.

Bizzle

Hi @ClaireMC

I'm going through the exact same thing at the moment. Just looking to remortgage, was considering selling a few months ago and got three valuations (2 at 575k and one at 600k).

Decided to stay and have come to remortgage and NatWest have valued my home at 420k.

This has caused a problem as it kicks me out of the rate available to a 60% LTV (I only need the house valued at 480k or more to achieve this).

I paid 450k for it and have put a lot of money into it, so I'd be surprised if it's dropped by 30k.

Did you have to pay for another survey in the end?

Thanks in advance

bigisi

Bizzle wrote: »

Hi @ClaireMC

I'm going through the exact same thing at the moment. Just looking to remortgage, was considering selling a few months ago and got three valuations (2 at 575k and one at 600k).

Decided to stay and have come to remortgage and NatWest have valued my home at 420k.

This has caused a problem as it kicks me out of the rate available to a 60% LTV (I only need the house valued at 480k or more to achieve this).

I paid 450k for it and have put a lot of money into it, so I'd be surprised if it's dropped by 30k.

Did you have to pay for another survey in the end?

Thanks in advance

Looks like you've missed the fact this thread is from over a year. The OP hasn't actually logged on in over two months so I'd say it's unlikely they'll see your post.

Worth noting the dates of posts before you drag them up from the past.

Actually, I've just noticed you only post once every ten years so I'll check back in 2029 for your reply

Bizzle

bigisi wrote: »

Looks like you've missed the fact this thread is from over a year. The OP hasn't actually logged on in over two months so I'd say it's unlikely they'll see your post.

Worth noting the dates of posts before you drag them up from the past.

Actually, I've just noticed you only post once every ten years so I'll check back in 2029 for your reply

By then my house will be owned by our evil super ant overlords.

I didn't miss how old the thread was, but I didn't dig as deep as checking the last time the person logged on. I figured they would just be sat at home watching this thread and crying that it's been a whole year since someone replied.

I'm sorry for dragging it up, it sounds like this post is connected to some emotional event in your past, if you would like to talk about it feel free to do so, but I won't reply until 2039 :money:

markin

I don't think iv heard about the HPC website in 10 years, is Crashy the owner?

https://www.housepricecrash.co.uk/forum/index.php?


Even found this excellent video.
https://www.youtube.com/watch?v=g-RPNtXX5Ss

Crashy_Time

Bizzle wrote: »

By then my house will be owned by our evil super ant overlords.

I didn't miss how old the thread was, but I didn't dig as deep as checking the last time the person logged on. I figured they would just be sat at home watching this thread and crying that it's been a whole year since someone replied.

I'm sorry for dragging it up, it sounds like this post is connected to some emotional event in your past, if you would like to talk about it feel free to do so, but I won't reply until 2039 :money:

House price drops are pretty traumatic for many on here unfortunately, normal society is embracing the fact that people have woken up to the fact that big debt for basic shelter isn`t a very money saving thing to do.