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London and the south-east said to be worst affected, with valuations often coming in at 10% below the agreed sale price
An increase in property down valuations, with some homes being marked down by 10% or more by surveyors, is “turning deals and lives upside down,” mortgage experts claim.
Some believe that uncertainty around the contents of the budget may be fuelling a rise in surveyors taking a cautious stance and valuing properties at less than the agreed price.
Source: www.theguardian.com
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