Thanks,

I have a mortgage of 170k, I will go to a few estate agents but do not know how much weight that has with bank.

Ross

I AM NOT A FINANCIAL ADVISOR BUT ...

Firstly ignore how much you have spent on the property. If you manage to break even, then you are doing well, however you are up against a system that is weighted against you.

Your property is only worth what someone is willing to pay for it and in this climate, it is a buyer's market. Most properties have fallen in value or just about kept their 2006/7 values. To drop £30k is a lot, but not as harsh as some people and you don't mention what your current commitment is in terms of mortgage value against original price.

If you believe your price to be correct, you need to prove it and if nothing has sold that is directly comparable, you have a problem. Speak to estate agents and ask them for an assessment. If they agree with the valuer, then I am sorry but you have little chance of reversing the decision.

SHARK!

Hi,

I have recently came to the end of my fixed deal, I was with TMB who no longer provide new deals. so I went to get a re-mortgage. I bought the house two years ago at 225K 15k under asking price and have carried out a lot of refurbishment work only to find that a kerbside valuation valued the house 190k. How do i Challenge this ? No houses in my street have been on the market in the last two years and I believe my house to be in the order of 230k even with the market down turn.

I want to be able to get a decent deal ie 75% LVR Help.

Ross