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NatWest mortgage down valuation

27 replies

Anonimouze · 15/03/2025 15:23

Has anyone else successfully appealed and won?

Ours has just been down valued massively. Next door sold in December for 50k more than the valuation they have provided me. Compared to that one I have 1 extra bedroom, another living space, 2 extra bathrooms and double the garden size. Plus I am an end plot (field instead of being in the middle) so how can mine be worth less?

I have had 3 estate agent valuations ranging from £275-£310k.

I paid 200k in 2020 and have renovated top to bottom. When I purchased the house it was mainly inhabitable and at that time the survey valued it at 210k, the same as today?

NatWest remote valuation says £210k. No idea where this figure was made up from but it’s crazy.

The valuation was remote. Any clue where I go from here? There’s nobody available to speak to until next week and I’m really stressed. Thanks 😫

OP posts:
Anonimouze · 16/03/2025 12:25

Wayekalb · 16/03/2025 12:07

Exactly the same has happened to us. Down valued by £19000 and they are refusing to let us appeal it.

With NatWest too?

My husband wonders if they just don’t want to lend with the cost of living crisis but we are way above affordability with secure as can be jobs so the risk is low 🤷‍♀️

OP posts:
cadooyahoo · 16/03/2025 17:49

I think some banks want zero risk now

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