Nationwide valuation

Martisha

We bought our house last year and ported a fix from a previous house. This fix is ending in June this year.
We bought it for £365k and it was valued the same by Nationwide.
In the mortgage tracker house value increased to £372k in March this year. I logged in to Nationwide this morning snd value shows £360k?!
Is this normal?
i think this is done on purpose as the fix is ending and if the value was £365 or £372k we would have had equity below 80%, since they pushed down the value to only £360k we are now over 80% which means worst deals available.
houses similar to ours are now adverstised for circa £400k and when we bough it ours the neighbours bough the same one for £375k
what can i do? Could this be an error?

kingstreet

From intermediary site on Rate Switches;-

How to appeal the property valuation figure

To confirm the valuation figure we currently hold for the property, please talk to our NFI Online technical support team on Broker Chat

If the figure on the AVM is lower than expected, you can appeal the valuation figure using the rate switch valuation appeal form