We have been caught up in the excellent Northern Rock debacle, our fixed rate finishes in June.

Following application for a remortgage with Britannia everything seemed to be ok, then the valuation has come back. We estimated the value of the property at £210000 but the valuation has come back at £10000 less than we had estimated (£200000), we were going to use the equity in our property as a deposit on the £188000 we require for repayment.

The property across the road has just been sold for £205000 and it is smaller than our house.

Can anyone give us any advice about what to do as we are really worried about how we are going to proceed.

Hi...if you still wish to proceed with Britannia you will need to get 3 comparable sale prices from local estate agents and forward them to Britannia, who will then send them to the surveyor to hopefully change their mind. If this is too difficult you could try another lender that offers a free valuation and hope that a different surveyor attends the property. You could check www.nethouseprice.com to see how many houses have sold in your area and for what price.

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Regards

Ian