9:33 AM, 16th August 2016, About 6 years ago 24
Has anyone else been finding that valuers are undervaluing properties for remortgage purposes. They seem to have gone from one extreme to the other.
I am currently remortgaging 4 properties one of which I know I could sell for 90k easy, and a valuer has just said 72k!!
There are no houses in this area for less than 80k and they need serious work mine has just been redone throughout. Another I have a bungalow worth 150k on the market and a valuation came back at £135k. It seems completely random, but as if they have some agenda.
Very frustrating when trying to achieve 75% equity. I remember the glory days when they just asked what you thought it was worth and agreed with you!