Property valuation nonsense

Click here if this is your business
Yorkshire Building Society
★★☆☆☆
1.6
16.0% of users recommend this
  • Customer Service

  • Telephone Banking

  • Internet Banking

  • Local Branch

  • Cash Point Facility

Click here if this is your business

adminsr1974's review of Yorkshire Building Society

“Property valuation nonsense”

★☆☆☆☆

written by adminsr1974 on 16/11/2012

I have approached YBS to remortgage at 3,04 %. They send a property valuator, which supposed to be 'independent'(from Metropolis Surveyors), which have valuated my property at 125k. According to the valuation my property has lost 20 % since Jan 2011. At the same time Halifax (my current morgage provider) is valuating at 149k. Zoopla's lowest valuation is 143k.

I have lost 260 £ - as they were not in position to take any more facts into consideration and I was at the edge on 25% of LTV - with YBS I'm actually close to get into negative equity...

I have approached few comparison sites; almost everyone admitted that they heard about YBS doing that a lot. Be warned!

I'm considering reporting this to BBC Watchdog.

A.W.

  • Customer Service

  • Telephone Banking

  • Internet Banking

If you are commenting on behalf of the company that has been reviewed, please consider upgrading to Official Business Response for higher impact replies.
Was this review helpful? 0 0