We had an offer accepted on a flat in London after fighting off a zillion others and after many many rejected offers. Prices around here have gone crazy with a two bedroomed flat fetching anything up to £700,000. It's barmy.
Our mortgage valuation has just come back with a valuation way below what we offered and way below the asking price. We know for a fact that smaller flats have gone for more money. So it seems this knobber surveyor hasn't looked at enough comparables.
I wondered what we can do next? I have found countles examples on Zoopla and Rightmove of flats in the area that have sold for more and I was going to use these to challenge the valuation.
The seller may be open to reducing the purchase price a little but not by the amount suggested by the survey.
Am at a real loss as I adore this flat and fear we couldn't afford anything else in the area now, prices have rocketed since we had the offer accepted.
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Darned mortgage valuation lower than accepted offer price
13 replies
StepfauxWife · 22/04/2014 14:33
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