permanent tsb valuers undervaluing houses when establishing LTV

[Ger Fleming]

All the pre election promises are now h8story and nothing has changed really. Why am I not surprised. I also believe that the valuation I had through a ptsb chosen auctioneer was at least 20% lower than the value of my house. I am sick of the carry on in th8s country.

 

[mouse1]

Ger,

I believe you. The PTSB Estate Agent said the bank wouldn't accept anything higher, they undervalued my house by 20%. This spurned me on to switch to EBS who gave the correct valuation and a rate 1% lower.

 

[reddanmm]

I had the same issue with my PTSB valuation. the Agent valued my house at 170,000 despite my protests, then a few weeks later a house 2 doors away sold for 265.000. I was lucky that I was still in the less than 50% of LTV but I imagine that others would have had their houses under valued

 

[mouse1]

Yes, they valued mine at 185k to get me on the highest LTV. A couple of months later another Estate Agent values it correctly at 250k

 

[Paul Reilly]

TSB valued mine at 120k but the estate agent valued it at 140k which is nearer the amount left on the loan.

I was going to switch but now cant until in positive equity in 5 or 6 years.