Yes too late now and lesson learnt…we do have ample equity to cover a low val but just if lender will accept it…def would’ve been nice to have been advised by solicitors about this….thanks for responses.

Yes….a learning i will take away from this whole process…still no idea what outcome we can expect….thanks for shedding some light on this matter…hopefully it will help others to avoid this situation.

Thanks for response….i am unsure what to expect the valuer to come back with as how can he assess what he reads in building and pest inspection when their comments are so general….and valuation is based on similar properties and sales…how can they forsee that these did not have building and pest issues…i am just baffled that if we had gone…[Read more]

Does anyone know of situation where….. bank valuation came back at agreed purchase price. Following building and pest we renegotiated a lower purchase price by $20k to cover some issues. Mortgage company has now asked the valuer to revise the valuation to new lower purchase price and valuer has requested our building and pest reports…..is this…[Read more]