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Falling House Prices

Homebuyers who rely on a mortgage valuation report commissioned by their lender, rather than paying more for some form of professional survey, often find they have been ‘penny wise but pound foolish’. That is the main conclusion of analysis of more than 1,000 property purchasers where a quarter of those who relied solely on mortgage valuations needed unexpected building work after completion, at an average cost of more than £1,800. Read More

 

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