Esurv valuation experience - down valuation or not

Anyone have recent experience with Esurv valuation?
My buyers lender has instructed a valuation and I have been told Esurv will complete the valuation.
looking through various I get the feeling these guys are notoriously bad for down valuations.
anyone have recent experience they could share - what they did when they came and the outcome

Comments

  • wazza07
    wazza07 Posts: 69 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    We had a down valuation recently from them which was based on the lack of comparable sales. We offered £425k and the valuation came back at £400k. Renegotiated to £415k.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Surveyors are accountable to lenders as it's potentially their money at risk.  Lenders themselves will be forecasting the impact of the economic downturn on property prices looking forward. Be surprising if there wasn't considerable caution. 
  • barbedhook
    barbedhook Posts: 173 Forumite
    Ninth Anniversary 100 Posts Photogenic
    Recently had them to do a valuation he asked me what I thought my property was worth I said about £115k he had a quick look round took a few photos bobbed his head in the loft space altogether it took about 10 minutes got report back 3 days later valued £115k 
  • Wales2020
    Wales2020 Posts: 88 Forumite
    10 Posts Name Dropper
    Recently had them via nationwide. Property sale price £185K valued by them at £170K.

    Was very lucky and managed to renegotiate sale price to £173K
    FTB- 90% LTV
    Nationwide Application
    DIP - 27/08
    Full Application - 28/08
    Valuation Booked - 01/09
    Hard Search - 07/09
    Valuation Completed - 09/09
    Valuation Reviewed & Accepted - 28/09
    Mortgage Offer Received - 29/09




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