>> >> Related news - lenders valuing house less than advertised price - may be due
>> to
>> >> impending price fall.
>> >>
>> >> www.bbc.co.uk/news/business-44202542
>>
>> Nothing new there, same thing happened to me in 1986 and again in 1991. Fortunately
>> we had enough equity to bridge the gap.
Agreed nothing new there. Valuers employed by the mortgage company are paid to safeguard the loan. They are always looking at what the house can sell for at auction. Undervaluation usually occurs at the onset of the downtrend in the 7 year cycle, sellers and estate agents are reluctant to accept its happening and overprice,
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