the bank have valued the property (at last)
the valuation has come back nearly 20% above the agreed* price

is the valuation simply between me and the lender, or do I need to be extra careful that the seller doesn’t find out and raise the price accordingly?

*agreed, no financial deposit or pre-contract signed as yet

wholly between you and the lender.
Dont worry about it.
But dont be tempted to get a higher mortgage just because your LTV has headroom though 😀

As above, just between you and lender.

It’s a very subjective thing, a different surveyor could easily come back with a figure 10% below the agreed price.

A house is only worth what someone is willing to pay for it.

don’t worry I wont, I was gonna get a new bike on interest free anyway

🙂

mums the word eh.

But dont be tempted to get a higher mortgage just because your LTV has headroom though

would be interesting to know if you qualify for a better rate based on that though – in theory your loan-to-value is lower. Less risk for lender, if it gets below their next ‘step’ you might save money.

I’m actually surprised your mortgage valuer put a monetary value on his survey, I just thought they checked to see it was worth at least what you wanted to borrow (or were paying for it).

I’m actually surprised your mortgage valuer put a monetary value on his survey, I

Mortgage Co’s pet surveyor trying to lure you into borrowing more?