This is Money Podcast Down valuations are on the rise - should it worry buyers and sellers?
18 snips
Aug 15, 2025 The podcast discusses the growing trend of down valuations in the housing market and what happens when buyers and lenders disagree. It dives into the significance of home values in relation to school catchment areas, revealing a link between desirable locations and rising property prices. Listeners also get insights on personalized saving strategies based on age, while the economic impact of cultural events is explored. Finally, the discussion touches on privacy concerns surrounding supermarket self-checkout systems, blending nostalgia with modern-day dilemmas.
AI Snips
Chapters
Transcript
Episode notes
Valuations Are Not Very Scientific
- Mortgage valuations are often drive-by, using nearby sale comparables rather than full inspections.
- That makes valuations imprecise and sensitive to regional market nerves, especially in London and the southeast.
Challenge Low Valuations Proactively
- If a lender's valuation comes in materially lower, challenge it and ask if they did a drive-by.
- Request a physical inspection and provide specific comparables or reasons why your property is worth more.
Personal Valuation Stories
- Simon recounts a remortgage where a valuation fee rose but the bank still likely did a drive-by.
- He also described a pandemic-era valuation where surveyors refused to give a new valuation due to market uncertainty.