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My last two moves I have gotten a mortgage through Coventry for intermediaries and on neither occasion have they done an in-person valuation. To be honest the valuation was never even mentioned - Might be worth a look.
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I successfully appealed a beneath asking valuation, last year - they did a desktop and based it on floorspace only, but we asked for an in person valuation and they bumped it up to what we’d agreed. Worth checking process is, I’d say
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Long time ago now, but ours came back valued under what we offered. I put together a pack with recently sold comparable properties, their asking and selling prices, asking prices for comparable places currently on the market and I think what those would sell for if the asking/sold price ratio was the same. It helped that I’m in a little nest of streets with about 250 houses that are the same size and style. Came back revalued to what we offered. No idea if my stuff convinced the valuer or if they just thought “well if she’s desperate to overpay let her”.
The other approach is to reduce your offer because you are overpaying. We didn’t because the market was hot and our price was fair.
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Speak to the agent first. There's a good chance they'll have a good relationship with the surveyor and will be able to change their val with a list of comps etc. I used to see this quite a bit and it was very rare the surveyor wouldn't budge.
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stappard
andyfallsoff
brokenbetty
jakemcree
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Got my lender valuations back and it is 10% less than my offer. Frankly I am dumbfounded, as my offer was asking price, and I actually think the house is worth more than asking given market comps.
I assume trying to persuade my lender (HSBC) that their valuation is miles off is not going to work, so what are my options? Anyone have experience of lenders who take a different view of valuations?