Response to Britannia BS undervalued property which received MIG etc

I'm sorry if you took offence at the use of the word angry - I assume people who use BLOCK CAPITALS are expressing indignation! In order to lend weight to your view that the lender significantly undervalued your property in order to manipulate the LTV ratio in favour of a MIG policy you would seem to me to need some corroborating evidence such as estate agents valuations carried out at the time of the mortgage offer valuing your property at £86,000. My own property was undervalued by £7000 when I applied for a further advance loan to build an extension, compared to it's 'market value'so you can't necessarily argue that the lender's valuation should be the 'market value'. As to the wisdom of using this site all I can say is that it has brought me a lot of useful help and advice and given me enormous moral support and encouragement in a difficult situation.

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