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Mortgage surveyor valuation

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Comments

  • Soseller
    Soseller Posts: 6 Forumite
    First Post
    They have valued it at less than I bought it for 5 years ago, makes absolutely no sense go everybody other than the 1 person who matters the lenders surveyor

    The buyer needs the value up in order to get the mortgage as there is no cash to put in, the whole thing is mental
  • K_S
    K_S Posts: 6,908 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    @soseller If I were the buyers' mortgage broker, this had happened, there was no chance of appeal (due to there not being enough comparables), and the buyer was insistent on exhausting all options, I'd find another lender using a different panel of surveyors and try once more.

    Of course this might involve an additional set of costs and perhaps the same outcome.

    If you are pressed for time, you could ask the buyer to take this route or that you will go back to market.

    I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 

    PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.

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