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*cough* Get drawing *cough*

Not so - we paid more for more than just a valuation. The survey report is pretty detailed.

Really? http://www.bbc.co.uk/news/business-27827037

When we were going through looking at properties, the Zoopla valuation of places was generally way under asking prices. Curiously the Zoopla valuation for the place we are buying is bang on the agreed sale price.

Our mortgage chap said appeals are possible but involve finding three similar recent sales in the same area and using that as a case for the value of the place we are buying. There have been no recent sales in the area and the house is quite non-standard so it would be difficult to find...

They clearly won't go down to the 85% point - should we aim to split the difference?

Coincidental timing: just had a call from our mortgage man. The surveyor has valued our purchase at about 85% of the agreed sale price, which affects the lending obviously. With the market having run so hot over the last few months, I guess a bit of this has been going on. Do buyers typically...

There may be an initial dip if, for no other reason, than all parties involved need to get familiar with the new processes brought into play. Regardless, if there is a bigger dampening caused by greater diligence being applied to lending, then I'm not sure anyone can claim that's a bad thing...

You'll revert to lender SVR - the same as any mortgage when you reach the end of the offer period. (I had to give up a BBR + 0.49% mortgage when I moved from Somerset back to Sussex. Slightly annoying. )

Also just taken a 5 year fix at, I think, 3.19% with Santander. It's the first time that I've not taken the 'safe' option with a mortgage.