X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Mortgages & Finance

    Lender Survey Valuations Greater London area

    I'm thinking of remortgaging couple of properties in Barking and Dagenham /Redbridge. I'll probably be using Godiva/TMW. I have a query regarding survey valuations.

    I know there are survey valuation issues in the Prime London area and I'm wondering if there are the same issues in the Greater London area?

    What's the current experience, are Lenders being reasonable with values or are they also undervaluing properties in Greater London area ?

    0
    0
    We are seeing the opportunity to renegotiate prices for buyers in the outer LONDON areas using lender down valuations as the catalyst / basis. I think the key issue is estate agents are still overly optimistic with their clients.
    0
    0

    Chartered Accountant, Tax Advisor and Mortgage broker

    (and BTL portfolio owner)

    stuart@johnsonsca.com

    02039077022


    Valuations for lenders can be more 'cautious' than the estate agent values. This is the same in most areas, including Barking and Dagenham. IT's not been my experience that they have been unreasonable as a general rule but I have had experience recently in Romford where they were being very cautious with the higher value property.

    1
    0

    Jenny Reeves

    Property Tribes Financial services

    You can contact me via Direct Message, or 07581 794922 or call the team on 01206 654444 for personalised quote and advice

    Good afternoon,

    We are seeing some down valuations on London based properties but have a selection of lenders offering free valuations. This always seems to be a sensible route to save our customers losing any unnecessary valuation fees.

    Best Wishes,

    Charlie Potter

    0
    0

    Mortgages For Business is a commercial partner of Property Tribes.

    Website: http://www.mortgagesforbusiness.co.uk/

    Email: propertytribes@mortgagesforbusiness.co.uk

    Telephone number: 0345 415 3501

    RICCS surveyors just compare sold prices with the post code area within the last 3 months or 6 months.


    Mortgage Affordability is European Law we voted out.

    0
    0

    Not quite sure what your last comment refers to, but I assure you that affordability for mortgages is very much here to stay.  Nothing to do with valuations or the EU, for that matter.

    0
    0

    __________________________________________________________________

    BTL's, residential mortgages, bridging, life cover and estate planning  

    http://www.hdconsultants.net        

    For Commercial Finance, complex BTL and HMO funding, development finance, international and expat mortgages, and portfolio BTL mortgage services Assured Funding website.

    Telephone: 07751042485      01206 654444