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Lender valuation 10k less than purchase price

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  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    My response would be "The lender has valued the property at £485k and that is now my offer. Please make the vendor aware of my new offer and the reasons why. The chain is complete and I have started searches. Please let me know if the vendor is no longer going to sell the property to me."

    Unless you are desperate for this property.
  • Or just go with what you had agreed as you must have thought it was worth that price.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Thanks for your replies , i got a reply from Estate Agent , as expected he is pushing back and said he would recommend other FTB to the seller if i am not committing to agreed purchase price.


    Tell him to go ahead and do that, and that any future offer from you will probably be lower.
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