You are here: Home - Your Community - Top Comments -

‘Valuer decisions are difficult to accept when there’s damning contrary evidence’ – Star Letter 08/09/2017

by:
  • 08/09/2017
  • 0
‘Valuer decisions are difficult to accept when there’s damning contrary evidence’ – Star Letter 08/09/2017
Each week Mortgage Solutions and its sister title Specialist Lending Solutions select the most thoughtful or thought-provoking comment to be the week's Star Letter.

This week our Star Letter accolade is awarded to Paul Smulovitch his response to the post: Is it a down-valuation or an overestimate? How surveyors value properties – E.surv

He said: “Richard you’re right that valuers play an integral role in the mortgage process but it is very difficult to not feel pressure is being added from some channels when certain types of transactions are downvalued on value and/or rent compared to others.

“I appreciate clients often have an ambitious figure at times on what their property is worth, but on a buy-to-let if clients are generating a certain rent and it is endemic of that area, some valuers decisions are quite difficult to accept when there is such damning evidence to the contrary.

“And the issue is where some lenders don’t accept any challenges around this, therefore meaning the client has to change lender and is often financially disadvantaged.”

There are 1 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
2384816-tax-burden
‘The threat of negative equity will discourage people from moving’ – Star Letter Extra 08/09/2017

This week Mortgage Solutions and its sister title Specialist Lending Solutions has picked the best of the rest of the...

Close