We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Downvaluation (automated) by lender
Comments
-
I thought earlier in the thread you said 780k?
0 -
Not the same house as in your first post?
It went on at 800 and we got it agreed at 815k since they refused to go lower. Negotiated to 812,000 after survey - vendors (their son) again refused to come any lower.
We chose a mortgage with HSBC and their automated valuation has come in at 790k. Our broker has said this won't affect the application but I am not sure why.0 -
Different house?0
-
Are you able to post a link now that you are no longer buying it?nuhopper said:If anyone is interested in an update, we decided not to pursue this house. It's now been put back on the market at 880k, 20k less than original asking. (During discussions, they refused to go under 910k for us when we questioned the bank's valuation pf 875k)0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards