The developer keeps on asking for a new valuation after rejecting our first one
I reserved a plot at Nu Living’s 360 Barking development in London 10 months ago. It cost £400,000 for a 71 sq metre flat which is expensive for the area and I used the government’s help to buy scheme to fund it. I also used Nu’s recommended mortgage broker and solicitor.
However, my mortgage lender valued the property at only £330,000. Under help-to-buy rules, the developer can’t charge more than the bank valuation.