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Overvaluation of a Property by Colleys

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  • Overvaluation of a Property by Colleys

    I have found a case where the courts found in favour of the Landlord where a surveyor overvalued a property. Colleys overvalued a property I bought in 2006 by 100%. The property was my one and only venture into Buy to Let. Previous sales of the properties in question rose from £42 000 to £78 625 in 8 months. I looked at selling the property and the valuations received were all in £40 000 mark. I was in a huge percentage of negative equity and could not remortgage. The lender. TMB no longer around locked me into a high variable rate 6.5%. I lost my job and tenant in 2017 and the property was repossessed and sold at auction for £30 000. After all costs were added, the final debt sent my way £51 000. Can any lawyer help out? Here is a case finding in favour of the landlord. I tried to engage with this lawyer but they cited conflict of interest. They work for the Bank of Scotland in my repossession. https://www.walkermorris.co.uk/publi...d-back-basics/

    Also a very strange thing has happened the £30 000 sale price is not on the public register and these properties are still being valued incorrectly. https://www.zoopla.co.uk/property/11...0-3jn/20410602

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