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This might be a facile comment, but if many people are willing pay above what the report says is 'market value'... then the report is wrong.
What area are you in as my experience in London recently is almost the exact opposite.
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Perhaps it people with huge deposits ie from parents or inheritance.
Apparently using buytolet mortgages which don't look at salaries but rental potential.
Mortgage fraud is rife. But much better since the dark days of self certified.
It's crazy they even existed.
NickCJ
wildwest
@gillies
getting so frustrating being priced out by folk (mostly developers) with cash to burn above the market value.
My wife and I earn good money and can get a very decent mortgage but when someone offers £20k over the home report value we just can't pull that kind of cash (on top of our deposit) out.
More frustrating to know that we're both earning above the national average - if it is this bad for us, what hope do others have?