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House is undervalued.

The house I am looking to buy is valued £15000 less than the asking price. The bank lending me a mortgage say they will only lend for the amount that the house is valued for. What options do I have now?

Asked on Aug 17 2009, Home Finance in London | Report content

Answers (1)

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  • HI, All you can do is reduce your offer. You can ask the estate agent to show the vendors a copy of the valuation report so they can see you aren't playing games or messing them about. They will have the same problem with anyone else they try to sell too. Good Luck!

    Answered on Aug 17 2009, Report content

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