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  • @mands

    I read your previous posts about loan to value shortfall, we're currently on the other side of the fence where our buyers mortgage valuation is £40k less than our accepted offer. Did you find a resolution with the seller or walk away in the end?

  • I read your previous posts about loan to value shortfall, we're currently on the other side of the fence where our buyers mortgage valuation is £40k less than our accepted offer. Did you find a resolution with the seller or walk away in the end?

    Yes we found a middle ground.
    I offered the middle point between value and agreed price £X20K
    They said they had a private offer of £X10 and so in order to make it worthwhile going with us and via Foxtons to cover fees they needed £X30.
    I said £X25 or we walk and it was agreed.

    I can cover this £25K shortfall in my deposit, but that's the problem for the buyer I guess.

    Your problem would be the bank valuation should/would be consistent across lenders so you may have this problem if you were to go with another buyer.

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