It’s worse / even more confusing than that.
The estate agents complete a home report that includes valuation for mortgage purposes. They then advertise offers over at typically c10% lower than this figure which is simply clickbate to attract viewers.
In our experience (Bearsden / Glasgow West End) houses are often selling at 20-25% over this valuation for mortgage purposes.
The maths for equity are frightening! Assuming 90% LTV mortgage on say a £200k flat |