Mortgage brokers say house buying at risk from surveyor ‘down valuing’
NegativeFinancial Markets

- An increase in property down valuations, particularly in London and the south-east, is causing significant disruptions in the housing market, with some homes being valued at 10% or more below the agreed sale price. Mortgage experts warn that this trend is 'turning deals and lives upside down.'
- The situation poses a serious challenge for homebuyers and mortgage brokers, as the uncertainty surrounding the budget may be leading surveyors to adopt a more cautious approach, further complicating the buying process.
- This development reflects broader concerns within the housing sector, as companies like Crest Nicholson are also facing challenges due to budget uncertainties, leading to job cuts and warnings of lower profits, indicating a potential downturn in the property market.
— via World Pulse Now AI Editorial System







