Mortgage brokers say house buying at risk from surveyor ‘down valuing’

London and the south-east said to be worst affected, with valuations often coming in at 10% below the agreed sale price

An increase in property down valuations, with some homes being marked down by 10% or more by surveyors, is turning deals and lives upside down," mortgage experts claim.

Some believe that uncertainty around the contents of the budget may be fuelling a rise in surveyors taking a cautious stance and valuing properties at less than the agreed price.