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Staircasing to 100%, worried about the valuation
loolt
Posts: 1 Newbie
Hi,
So about a year ago I tried to staircase my shared ownership flat to 100%. However the mortgage provider valued the property at £20,000 less than the RICS surveyor. When I contacted the housing department about this they said I would have to wait 3 months and request a new valuation.
Has anyone else had this problem and found a solution? I want to try and get this sorted before the end of March 2021, to save on stamp duty.
Once I get the RICs valuation I have 2 weeks within which to challenge it. Would it make sense to contact the mortgage provider first and then the RICs surveyor?
Also (side bar!) how can I get a market comparison on mortgages for this type of situation?
Thanks!
So about a year ago I tried to staircase my shared ownership flat to 100%. However the mortgage provider valued the property at £20,000 less than the RICS surveyor. When I contacted the housing department about this they said I would have to wait 3 months and request a new valuation.
Has anyone else had this problem and found a solution? I want to try and get this sorted before the end of March 2021, to save on stamp duty.
Once I get the RICs valuation I have 2 weeks within which to challenge it. Would it make sense to contact the mortgage provider first and then the RICs surveyor?
Also (side bar!) how can I get a market comparison on mortgages for this type of situation?
Thanks!
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