offered over the odds on house - will it get through the survey at the higher price we need??

[RanToTheHills]

anyone any experience of this? We had an offer of significantly over asking price accepted and so mortgage company's surveyor will be going in to value house for our 90% mortgage. We offered 25%over asking price (lots of rival bids) in order to secure it but I'm now fearful that the surveyor will not value the house at this amount but at the asking price. Any thought?

BUMP?

Depends very much on the survey company I'm afraid. Some value low because they don't know the area (had this ourselves in Balham in South London with a surveyor who thought the area was dodgy and underestimated wildly). But it is unpredictable. Good luck.

thanks, were you able to influence them at all? the house is a "project" and going to be extended - once finished will be worth c. 40% more than what we're paying on current prices. Problem is currently it's a dump, v small & needs complete overall.If he values on that,we're buggered.If he allows for the fact that it's detached in the best location in town, we should be okay.

bump! Anyone else?

Rtth - the valuation was done by our buyers' mortgage company surveyor. We just put the house back on the market and sold it again - though we did check that they weren't using THAT mortgage company!

janinlondon - yes we had the same

should be fine rantothehills

thanks, both. Haveyou experienced this, then NAO?

shameless bumpagain!