Have you had your property valued?

[beej]

Has anyone had their property valued for mortgage purposes, and the valuation was MUCH lower than expected?  It's just happened to me, and by chance I was talking to someone today who had the same problem. The funny thing is that the valuer in both cases is the same company, and the same valuer, who doesn't live anywhere near Leicester.

If you've had a similar experience, or know someone who has, please let me know.

[apollo xi]

It has to be realised that house prices have declined since 2008.
The only area where prices have not declined so much is London.
Sadly, home owners tend to be biased and always expect a higher value of their property than what it is worth.

[Marie]

Yes it's heading South... still.