Trouble with mortgage valuers? You’ll like this one.
Sunday 22nd June 2025
Trouble with mortgage valuers? You’ll like this one.
Last Friday, an Australian client rang me.
𝗖𝗹𝗶𝗲𝗻𝘁: “I’ve got a problem with a valuer.”
𝗠𝗲: “What seems to be the issue?”
𝗖𝗹𝗶𝗲𝗻𝘁: “They can’t find the property on Rightmove, Zoopla, anywhere.”
𝗠𝗲: “Naturally. It’s off-market.”
𝗖𝗹𝗶𝗲𝗻𝘁: “Their valuation is far above what I paid, and they’re asking whether it was an arm’s-length transaction.”
𝗠𝗲: “You’d need very long arms to reach Australia, but it was, yes…”
The valuer is right to question the spread between open-market value and our client’s purchase price. Yet that gap is precisely the point: buying wholesale rather than retail is the quickest way to build wealth with limited downside risk, regardless of what the property market or the wider economy is doing.
A brief letter from me to the surveyor will clear things up. I expect the client will encounter the same query on the block of apartments he bought through us, too.
A nice problem to have.
Buy wholesale, not retail
Property Sourcing Liverpool
Property Investment Liverpool
The Distressed Assets Investors Club
