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what happens when the property you are buying is up valued?

dgooch93x
dgooch93x Posts: 6 Forumite
edited 6 November 2019 at 7:38PM in Mortgages & endowments
what happens when the property you are buying is up valued?

Comments

  • jaybeetoo
    jaybeetoo Posts: 1,515 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You are doing up a house before you buy it? What's to stop the owner selling it to you or somebody else for a higher price once you've done the work?
  • Shouldn't be too difficult. Offers are based on the Lower of the purchase price or valuation. I had it happen with Halifax before, didn't cause any delays at all
  • Shouldn't be too difficult. Offers are based on the Lower of the purchase price or valuation. I had it happen with Halifax before, didn't cause any delays at all
    Thank you, I really hope so :D
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