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The problem for me is that if the seller relisted, it would go above the asking price in minutes. The valuers have got it wrong. I spoke to HSBC and they won't reassess it, so I will look at other lenders.
Just had a look online and it looks like HSBC challenge tolerance is 20%, which is mad at London prices. I work in the property dept of NBS and our process is pretty fair in comparison IMO
Have you asked the vendors for a potential reduction?
pifko
The problem for me is that if the seller relisted, it would go above the asking price in minutes. The valuers have got it wrong. I spoke to HSBC and they won't reassess it, so I will look at other lenders.