Hey folks
I'm trying to finance my first holiday let purchase and the rental yield valuation lenders require has come in much lower than I expected based on similar properties close by, and based on their previous valuations. Should I:
- try another agent for a valuation - are there any other than Sykes?
- get them out to the property to see it (they'll only do this after an offer is accepted)
- accept it as they never change their mind
- do something else?
Any help appreciated, I'm weighing up whether to make an offer today and it's a fab property that won't hang around I reckon
Thanks in advance!
Challenge rental valuation for Welsh let?
Challenge rental valuation for Welsh let?
can you help me make the right decisions? Newbie with lots to research. All help gratefully received
It may be worth getting a holiday letting agent out from somewhere like Coastal Cottages (if in Pembrokeshire) to give you a fair idea of rental possibilities. I think Coasty is an estate agency which sells mainly holiday cottages, so it may be worth giving them a call.
it will all come out in the wash