General (main property discussion here) - Rent & Valuations

Hi

Ive recently bought 4 properties. When they were valued I tried to negotiate with surveyor to obtain as high a rental income as possible shown on the survey, which was fine. However later on I will probably want to get a further advance on the property by obtaining a higher valuation.

The problem I am having is trying to get the same rental income or higher shown on the second valaution. But this time the lender will have to instruct the valuation and will probably not try to negotiate the higher rent and in some cases as Ive been told they the rent income can even be lower than the original valution.

Any thougts anyone

Dave

Basically, you cannot put a ficticious rental figure on the properties.

Example, if rental figures for a certain type of property are on average £500 pcm and you claim they are £700 pcm, the lenders surveyor is going to know this.

adrian is right but that said the right rental figures are subjective and surveyors can be swayed if you can point to comparables that prove your argument.

definitely worth speaking to some letting agents to get these comps.