2 rcis surveys differ

Tinkerbell109

Hi

We are redeeming our help to buy. We have used a highly regarded surveyor for the target application they have valued our property with 3 similar properties and valued it the same as we bought it with evidence. We have submitted this to target to pay back


Weve then gone to the bank to get the remortgage and their surveyor has deemed it to be 15k less saying similar properties however given no evidence. Also stated that environmental agency deem it to be flood risk area. Which ive phoned them they've said no not at all its low risk. So I've sent my comprehensive rcis first survey to our broker etc along with the screen shots to prove we are less that 1 percent flood risk. However I've been told it's never been known for a survey to be overturned

Is there anything I can do? Do i have any rights to alter this. We have over paid over the 4 years with it been help to buy to get us into a position of having 25% deposit to get us off to a good start. Now weve been told our ltv is 82% I'm inconsolable at the moment. What makes it worse is we are then paying the government back 3k more on the basis of the first survey we had to get done ourselves. Somewhere along the lines surely someone is wrong.

Thank you

getmore4less

What value is the property £15k could well be within an acceptable range for two valuations.

Tinkerbell109

165 which is purchase price and the first valuer amount. and the other valuer has done 150 hes put on the form its below due to similar properties along with future buyers been put off due to flooding risk (which according to environmental agency we has 0.01 of flooding from sea and less than 1 for surface)