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sarahdh

post now removed

dimbo61

The bunny is out of the box now !
No point in talking to the valuer but would tell him Thanks For your help 
Have you paid him ? 
Offer what you can afford and what you think the property  is worth 
Bear in mind everything you want to do is Double what you think it will  cost 

sarahdh

dimbo61 said:

The bunny is out of the box now !
No point in talking to the valuer but would tell him Thanks For your help 
Have you paid him ? 
Offer what you can afford and what you think the property  is worth 
Bear in mind everything you want to do is Double what you think it will  cost 

No we got a free valuation from our lender, the lender sent him, we have had no contact with him at all. We think the property is worth more than the £200k, as does the valuer. 

dunstonh

 Broker convinced us to only ask for £200k from lender, and told me that if value came back higher we could adjust then (which I now know to be rubbish - the valuer would basically have only ever agreed with the £200k or down valued).

That is not rubbish.   However, when you are talking such fine margins, it seems pointless to try that.

The valuer told the seller how much we had asked for, how much of that was mortgage and how much was deposit, and basically told them he would have had no issues valuing it even higher

That is a data protection breach.  The valuer has no right to disclose your personal data to a third party without your consent.  Purchase price is fine but the deposit and mortgage amounts were not.

You should complain to the lender.  The lender itself didn't do anything wrong, as the valuer is a third party.  However, the valuer was acting for the lender.

The complaint may go some way to help you to get the property revalued as it's clear you feel the valuer was unprofessional and the data protection breach has materially disadvantaged you.

ACG

The surveyor would not know how much you had applied for.
I think they would know what you had offered, but that would be it. Nothing else regarding your deposit etc would/should be known to them. 

sarahdh

ACG said:

The surveyor would not know how much you had applied for.
I think they would know what you had offered, but that would be it. Nothing else regarding your deposit etc would/should be known to them. 

Apparently he had it written down on the paperwork. He knew the exact figure of our deposit, there's no other way the seller could have known.

ACG

If this is the case, then I reckon there is an argument the lender has breached data protection as the size of your deposit should play no part in the valuation.
Likewise the surveyor has also breached data protection by then sharing that detail with a third party. 

silvercar

Do you know that the valuer said all this, or is this what the seller is claiming?