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Reduction of 4k, mortgage company now want to do an in person valuation

4 replies

Expectinglittlebean2026 · 26/02/2026 20:55

Hi,

Just wondering if this is a common thing. We are (hopefully) really close to exchanging on a house we are buying. We have agreed a 4k reduction due to asbestos and a few other issues. We spoke to the solicitor and mortgage broker who have contacted Barclays to change the sale price and now they suddenly want to to an in-person valuation (we have a mortgage agreed based off a desktop valuation). Is this normal??? In the grand scheme of things, I'm surprised they are that fussed about 4k, when the property is just over £300,000. Anyone know if we should be worried?

OP posts:
catipuss · 26/02/2026 20:59

If someone said the asbestos word they may now want to decide how much it might cost themselves. And now they think the desktop valuation may be flawed they probably want to check it out properly.

rightoguvnor · 26/02/2026 21:01

Asbestos I reckon. If it’s the wrong type then it can be very expensive to get rid of.
If I was still minded to proceed, I’d have gone for a larger reduction in price than £4k tbh.

2026Y · 26/02/2026 21:03

I’ve bought a few properties recently and the valuations have always been in person.

Expectinglittlebean2026 · 26/02/2026 21:11

We had an asbestos survey and it came up in the artex on 3 downstairs ceilings, some boxed piping in the living room and on a pipe in the garage. All low risk, but I will be getting rid of it, as I am super cautious about asbestos. Lots of people just skim over it, but there's no way I'm doing that. Just to remove is £2500ish and then we will need new ceilings. Tbf any house built in those times will probably have asbestos. They've also confirmed it's in the soffits but I'm not too fussed as that's on the outside. Although I'm not even sure the mortgage people know about the asbestos unless the solicitor told them.

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