Mortgage lenders say house buying at risk from surveyor ‘down valuing’
London and the south-east said to be worst affected, with valuations often coming in at 10% below the agreed sale priceAn increase in property down valuations, with some homes being...
By Rupert Jones · The Guardian World
London and the south-east said to be worst affected, with valuations often coming in at 10% below the agreed sale price An increase in property down valuations, with some homes being marked down by 10% or more by surveyors, is “turning deals and lives upside down,” mortgage experts claim. Some believe that uncertainty around the contents of the budget may be fuelling a rise in surveyors taking a cautious stance and valuing properties at less than the agreed price. Continue reading...