Barclays change their property valuation appeals process
Barclays has tightened their valuation appeals process and they will investigate a complaint if there is more than a 25% variance between the client's estimated value and the bank's valuation.
These changes will apply to both residential and buy-to-let cases and appeals on rental assessments will remain unavailable.
Barclays says they are implementing the new rules because they are a responsible lender and they rely on information from their expert and independent valuers.
Late last year NatWest suggested that borrowers should appeal to the Royal Institution of Chartered Surveyors if they have a complaint about a valuation carried out by the bank.
If your property has been hit by a down valuation and you would like help to secure a mortgage, call us on 020 7016 0790.
February 14, 2014
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