How to deal with a down-valuation from a surveyor
Last year, a survey of 1,000 sales in the UK revealed that nearly half of the properties involved were down valued. But what does this mean exactly and what can you do if it happens to you? Read on to get up-to-date with down-valuations. A down-valuation is when a mortgage lender’s surveyor values a property lower than the current owner expects it to be valued at. It’s more common when it comes to homeowners remortgaging their existing home and putting in a slightly hopeful v