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I suppose my big worry is the mortgage people not agreeing it's worth what we bid
I would be interested to hear what people's experiences with this are. When we bought our place (several years ago now) we paid over asking in sealed bids and the bank valuation came back bang on asking. Is that normal or was it a coincidence? Anyone had a valuation come in over asking?
It made me think that in future I would only ever bid above asking to the extent I could still afford to go ahead with the purchase with a mortgage equal to [90]% of the asking price or whatever the max LTV I was being offered was.
NickCJ
I suppose my big worry is the mortgage people not agreeing it's worth what we bid