At Your Mortgage Shop, we recently had the opportunity to assist a customer who faced a significant down valuation on a property they were eager to purchase.

The initial lender, a specialist due to the customer’s previous CCJ for a parking ticket, downvalued the property by a striking £55,000.

Seeking a second opinion, the customer found themselves in a tricky situation since the lender did not allow appeals, and their broker suggested that obtaining a mortgage from another lender would be challenging.

We took a thorough look at the customer’s circumstances and decided to submit the application to a new lender. This lender utilised a different surveying company to reassess the property’s value, providing the much-needed second opinion.

Importantly, instead of continuing with specialist lenders due to the past credit issue, our broker adeptly managed to submit the case to a high street lender. This strategic move resulted in not only a more favorable valuation but also significant savings of over £100 in monthly payments for the customer.

This case reiterates the importance of having a broker with a deep understanding of lender criteria and the determination to secure the best possible deal.

At Your Mortgage Shop, we pride ourselves on going the extra mile for our clients, ensuring they receive the best financial solutions tailored to their unique situations.

If you’re facing similar challenges or need expert mortgage advice, don’t hesitate to reach out to us.

Your next home could be just a call away!

Share this story

More news

insurance for mortgage protection

Success Story: Turning a Down Valuation Around

At Your Mortgage Shop, we recently had the opportunity to assist a customer who faced a significant down valuation on a property they were e
life insurance for mortgage

5 Red Flags You Shouldn’t Ignore On Your Credit Report

A blemished credit report can hinder your chances of securing the best mortgage rates or even obtaining a mortgage at all.
common mistakes first time home buyers make

3 Red Flags to Watch Out for if You’re Looking for a Mortgage

3 Ways to Stop Procrastinating and Start Saving for Your First Home

Here are three actionable strategies to help you stop procrastinating and start saving for your first home
critical illness cover for mortgage

The Essential Guide to Understanding Benefits as Additional Income for Mortgage Applications

mortgage broker nottingham

How to Get a Mortgage on Low Income or Benefits

The Pros and Cons of an Interest Only Mortgage

3 Essential Insights First-Time Home Buyers Wish They Knew Sooner

At Your Mortgage Shop, we’ve put together  invaluable advice from seasoned first-time homebuyers to help you make informed decisions
when is the best time to get a mortgage

Green Mortgages: Financing Your Eco-Friendly Home Dreams

shine a light on an innovative financial solution that aligns with the values of sustainability and conservation: green mortgages
adverse credit mortgage advisors

How Debt Can Affect Your Mortgage Application: Insights from Your Mortgage Shop

This insight aims to demystify the process, shedding light on how debt can affect your mortgage application
first time buyer mortgage advisor, moving house

The Emotional Rollercoaster of Moving House: A Surprising Insight into the British Homeowner’s Journey

Moving house is often considered one of life’s most significant milestones, filled with both excitement and anxiety.
first time buyer mortgage advisor

Dealing with your mortgage during a separation