| Comment | I know a guy who has recently retired as a surveyor and was honest about his conservative valuations.
Post 2007 and previous market crashes, lenders could go after surveyors if they had valued to high etc
So perhaps they will always err on the side of caution
Basically a lender needs to know "if we reposes this property tomorrow, what can we get for it and quick"
So the whole system is flawed and I don't envy 1st time buyers at all |
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