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Ricky Dorrer

Financial Services

Ricky has over 25 years of mortgage consultant experience, and prides himself on offering the best advice to his clients and assisting them with their property purchases.

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Questions Recently Answered by Ricky

How does the bank calculate the value of the property I am buying or remortgaging and if I disagree can I appeal this figure?

On most occasions the bank will instruct an independent surveyor to value the property and they will provide a figure which the mortgage lending will be based on. The surveyor may also use a desktop valuation process where the valuation is carried out electronically as opposed to physically. If you disagree with the figure, provided you can supply comparable evidence to show that very similar properties have sold for more recently (normally within the last 3 months) most lenders have an appeal process which can be followed.