House sales are stalling across the country as a surge of down-valuations pours cold water on the re-hot property market. For almost two years, house prices have been storming upwards, with the average home now worth £286,079 - up 10.8 pc in the past 12 months alone, according to Halifax. High demand amongst buyers … [Read more...]
What to do if your house is ‘down valued’
There are ways to fight back and preserve your property deal if a bank says you're paying too much. Mortgage brokers have warned that down valuing is on the rise, which could mean buyers paying thousands of pounds more to secure their dream home. Down valuations occur when a surveyor, working on behalf of a bank … [Read more...]