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sh77

Do Mortgage Valuations Tend To Agree With Accepted Price?

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Saw a flat in London that went under offer at 725k. A very similar flat in the next block came on the market at 795k around the same time. Nobody was dumb enough to buy at that price and so it was reduced to 765k. It went under offer at 745k - highest price for a flat in that block. The most recent historic figures are around 690k. Does the mortgage valuation take this into account?

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Saw a flat in London that went under offer at 725k. A very similar flat in the next block came on the market at 795k around the same time. Nobody was dumb enough to buy at that price and so it was reduced to 765k. It went under offer at 745k - highest price for a flat in that block. The most recent historic figures are around 690k. Does the mortgage valuation take this into account?

The mortgage valuation will probably be on the low side as it's the price that the flat can be sold fairly quickly, within say 3 months.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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