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Old Jan 6th, 2017, 17:00 PM   11
broodymrs
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This is the mortgage advice company we used: http://www.reach4mortgages.com/

We used julian. Have used him when we moved, when we remortgaged and when we converted to a buy to let on the original house. He's also helped my mum and brother. Can't recommend him enough. Pm me if you want his direct number. He's really helpful for general house buying advice as well as being great with mortgages.



 
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Old Jan 12th, 2017, 05:54 AM   12
vaniilla
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My DH is a mortgage adviser so I'm a little biased but even if he wasn't I personally wouldn't go for a company that charges a fee for the service. Not all banks charge for the valuation survey - Santander don't charge.

I agree with the other ladies, big alarm bells that it's been on the market for so long, says to me unreasonable sellers that are being way too ambitious on price. Look at other houses and see if anything nice comes up, check on this in every couple of months or so if you've not found anything to see if they've come to their senses yet.



 
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Old Jan 12th, 2017, 07:29 AM   13
Pearls18
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Quote:
Originally Posted by vaniilla View Post
My DH is a mortgage adviser so I'm a little biased but even if he wasn't I personally wouldn't go for a company that charges a fee for the service. Not all banks charge for the valuation survey - Santander don't charge.

I agree with the other ladies, big alarm bells that it's been on the market for so long, says to me unreasonable sellers that are being way too ambitious on price. Look at other houses and see if anything nice comes up, check on this in every couple of months or so if you've not found anything to see if they've come to their senses yet.
Thanks vaniila my mum is also a qualified mortgage advisor (although doesn't advise anymore so not in date) and she said basically the same thing. I don't trust this estate agents at all, as if I would want to disclose our financial situation to them (despite how supposedly professional the broker is) in the negotiation stage, not to mention the fact they are the ones who've valued the property. I don't think there's anything we can do but sit tight



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Old Jan 12th, 2017, 11:27 AM   14
lindseymw
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You can get an independant survey done. Many cash buyers get them done. Where I work, we have contact details for surveyors who we highly recommend (they work for mortgage lenders as well as self employed). We don't get any commission but we know they are good at their job.

I would say ask the Estate Agents if they have any recommendations but from the few things you've put on about them, I wouldn't trust them as far as I can throw them.

Normally, a mortgage lender would arrange for a survey done & they will down value it if they feel it isn't worth the price. It's not uncommon & 9/10 times we have been able to get both parties to agree on a new price.

In your circumstances, I would highly advise going to a completely independant broker (from the Estate Agents) & go down that route. The problem you'll have is if the survey comes back down valued and the Vendor still won't budge you may lose out on survey fees.



 
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