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Property valuation 7% lower than accepted offer
Comments
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Thanks everyone for your help.
I've explained to the estate agent that we would like to negotiate the price but they are asking me to send over the survey first. Is it in my interest to send them the survey?0 -
Is this a survey, or a lender's mortgage report & valuation?
The former is done for the purchaser independent of the mortgage and the latter is done for the lender to determine the mortgageability of the property.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
kingstreet wrote: »Is this a survey, or a lender's mortgage report & valuation?
The former is done for the purchaser independent of the mortgage and the latter is done for the lender to determine the mortgageability of the property.
Independent survey. The bank hasn't done theirs yet.0 -
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