Finally heard back from the EA/vendor for the house we offered 40k under the original asking. We didn't get it, but only because someone matched our offer and had a larger deposit. Apparently that means they're more likely to go through with the sale or some shit. Absolute tosh.
Sorry you didn't get it :(
If the property doesn't get valued at the PP by the mortgage provider then the other buyer will have more funds available to cover the shortfall.
Finally heard back from the EA/vendor for the house we offered 40k under the original asking. We didn't get it, but only because someone matched our offer and had a larger deposit. Apparently that means they're more likely to go through with the sale or some shit. Absolute tosh.