This is a vent more than anything. After one vendor asking for more money 2 weeks after accepting offer, then next vendor deciding they didn't want to move after all 6 weeks into the process we thought we had found a house we loved at a great price.
Now Santander's surveyor has undervalued by almost 50k. A 495k agreed price now valued at 450.
Don't know what to do. Pretty sure vendor won't move much. We could make up shortfall but it would impact on what we could do extension wise. I don't think it's a bad price and is lower than what things seem to be going for on right move....yet looking at sold prices it's not so inaccurate.
Reluctant to change lender on the basis of them using a different surveyor due to more credit checks messing up my record. Currently excellent and so is DP s.
How is everyone else getting their mortgages if properties are valued much lower than agreed sale prices...we have been outbid on a few so we are aware of offers accepted on similar properties.
Help...any advice welcomed in response to this incoherent mind dump !
In case it helps property is in e17.
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14 replies
dynevoran · 07/04/2016 16:51
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