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.
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