My Buy to Let properties are being undervalued?Make Text Bigger
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!
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