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But we dont have hard cash to make up the difference.
Dunno. I would look quite sceptically on anyone who can buy £x hundreds / thousands of house but can't find £30k. ISAs? Raid pensions? Sell some shit? Try another lender?
The truth is you could probably find the money (it's not £100k were are talking here) but it would be agonising, right?
So. FWIW I don't disagree that you have to renegotiate here, if it's too painful to get the money it's too painful. Just the way you go about it. I would lean towards 'well the bank said this but that's their opinion, I've tried to make up the shortfall as much as I could and can pay £x'. That way you get the house.
I was fully expecting our valuation to come in under our offer and I would have ignored it (unless it was £100k off, but then I would have walked, and checked myself, and started again). But they reckoned it was worth what we offered. That came in last week.
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Howard
swedeee
What i'm saying is we were happy with our offer. But we dont have hard cash to make up the difference.