Within a couple of days I got a phone call from the buy-to-let mortgage surveyor.
He came round and did his surveying once over. I don't think he was at my buy-to-let property for much longer than 30 minutes. I thought I was pretty cute in that I managed to mention that next door which was sold relatively recently was sold as a one bed as opposed to mine which was a two bed.
I know how mortgage surveyors work. They value property on the basis of comparibles. In other words how much similar property was sold for. In the current falling market surveyors are obviously taking a cautious view on property values and will take with a 'pinch of salt' the value of a property sold more than a few months ago.
I know that rental demand in the area is pretty strong so hopefully my rental valuation of £575, which was probably a little on the high side should be ok. Now it's a case of waiting and seeing and hoping that the mortgage valuation comes back ok!
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