Cashback Remortgages · Property checks
Down-Valuations Explained
A down-valuation is when a lender values a property below the price you agreed. Because lending is based on the valuation, it can affect your deposit or the deal.
Why it happens
Valuers assess against evidence of comparable sales and the property's condition, which can differ from an asking price, especially on new-builds or in changing markets. The lender lends against the lower figure.
A down-valuation raises your effective loan-to-value.
Your options
You can provide evidence supporting a higher value, try another lender (valuations can differ), renegotiate the price, or increase your deposit. Advice helps identify a lender whose approach suits the property.
Sources and further reading
General mortgage information, not a personal recommendation. Lender criteria and scheme rules can change. Ask an adviser about your circumstances and a solicitor or tax adviser about legal or tax questions. Your home may be repossessed if you do not keep up repayments on your mortgage. Most buy-to-let mortgages are not regulated by the FCA.
Discuss the next step for your mortgage
Understand your options before you make a decision.