u/Aidanomic

Hi all, I’m looking for some reassurance and advice really.

Myself and my Wife put an offer in on a property (250k) and it got accepted, Solicitor was sorted out as well as Mortgage Broker.

Mortgage Application went in on Sunday to Nationwide, on the 21st May the lender sent their valuation people out to the property. Today I heard back from the Mortgage Broker that Nationwides Value people have only valued the house at £230k.

The mortgage broker has said for us to challenge that amount, we are also putting in ANOTHER mortgage application with another lender to see how they compare. How likely is it that another lender will value it at £250k if one lender has already valued it 20k under value?

Thank You