Someone upstairs doesnt like me...

[Sockpuppet]

The valuation on the house I was buying came through @ £15,000 below the asking price.

Developer not wanting to budge, the mortgage company not wanting to budge and me up tulip creek without a paddle.

Apparently the "valuer" didnt enter the property and asked the neighbours if he could look round thiers instead. ******* muppet.

Oh well....good bye to £995 in combined valuation fees and deposit.

[DimPrawn]

You don't strike me as the successful type SockMuppet.

Good luck. Maybe it's an omen of the house price crash next month.

[Sockpuppet]

I keep telling you the omen is when I finally buy a house. They will keep rising until then.

[BlasterBates]

hmm... the valuation is what someone is prepared to pay.

Well leave the offer in, and if someone else buys the property, meaning the valuator was wrong, then sue the valuator.

Sorted.

[Ivor1]

The valuation on the house I was buying came through @ £15,000 below the asking price.

Developer not wanting to budge, the mortgage company not wanting to budge and me up tulip creek without a paddle.

Apparently the "valuer" didnt enter the property and asked the neighbours if he could look round thiers instead. ******* muppet.

Oh well....good bye to £995 in combined valuation fees and deposit.

It should only bother the mortgage company if the value the valuer did give it impacted the type of mortgage you wanted, ie you were going for mortgage that had a condition it was for a maximum 85% of the property value. If it does impact you in this way the mortgage company should be able to offer you a different deal unless you are going for a 100% mortgage.

Most valuations are drive by's and they dont enter property, it would be worthwhile checking as well that purchase price you gave the property on the application is correct. I only say that because I put down the incorrect purchase price on my application in error (£5k less than I was paying). When I got the valuation through low and behold it matched the incorrect purchase price I had listed.

Generally though it would take alot IMO for a valuer to feel it not worth what your paying as 9 times out of 10 the valuers are a firm run by the mortgage company so its not in their interest, unless the property is grossly over priced.

[PRC1964]

Isn't this the house in a flood plain?

It may be that someone upstairs is doing you a fecking great big favour.

[Bagpuss]

The valuation on the house I was buying came through @ £15,000 below the asking price.

Developer not wanting to budge, the mortgage company not wanting to budge and me up tulip creek without a paddle.

Apparently the "valuer" didnt enter the property and asked the neighbours if he could look round thiers instead. ******* muppet.

Oh well....good bye to £995 in combined valuation fees and deposit.

That's fairly unusual, I think they will struggle to find a buyer at that rate

[thunderlizard]

Sounds to me like "somebody upstairs" just saved you £14,005. Be sure to pop fifty pee in the charity box on your way out.

[Sockpuppet]

Well I managed to negotiate £16,000 out of the developer. Although I am getting that "just walk away" feeling.

The house was originally on the market for £186,000 and didnt sell. I've just asked for a 100% mortgage at £160,000.

Thats a hell of a drop in price.

[Churchill]

Well I managed to negotiate £16,000 out of the developer. Although I am getting that "just walk away" feeling.

The house was originally on the market for £186,000 and didnt sell. I've just asked for a 100% mortgage at £160,000.

Thats a hell of a drop in price.

Do not get emotive!

Look at the facts.

Walk away.