Challenge rental valuation for Welsh let?
Posted: Tue Sep 18, 2018 7:27 am
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!
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!