Our house selling and buying process has been dragging on for a year now. We have our buyers and the chain is well advanced. I have asked our EA to update the chain this week to see where it is at. The house we are buying had been sold in December and their buyers were furloughed a few weeks ago. We put in an offer and had it accepted the day it was relisted. Searches ordered, mortgage application done. Valuation came back today as 5% down. This makes about 30k difference. However, the surveyor said it was likely to be valued higher by the end of the month, as there are no comparable sales happening right now. The bank are happy to lend what we want, as our LTV is about 45%.
We have a proper viewing on Friday, and haven't mentioned the valuation to the agent. What would you do? This is a house we will be in for potentially 10years plus. It ticks all the boxes. Their chain is ready to exchange once we are. Interested in views.