Down Valuation

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

Occurs when a lender’s valuer assesses a property at less than the agreed purchase price, potentially affecting loan amounts and transactions.

Related glossary terms

Joint Borrower Sole Proprietor (JBSP)

A Joint Borrower Sole Proprietor mortgage, usually shortened to JBSP, is a residential mortgage structure where more than one person is named on the mortgage but only one person is the legal owner of the property and appears on the title register at HM Land Registry. The supporting borrowers are jointly liable for the loan,

Conveyancer

A legal professional authorised to carry out the property-transfer work involved in buying, selling, or transferring ownership of property.

Deposit

The portion of purchase price contributed by buyers from their own funds rather than borrowing, typically paid through conveyancers.

High Net Worth & Private Bank Mortgages

A high net worth mortgage is a residential mortgage structured for borrowers who meet the FCA HNW definition, being either annual net income of at least £300,000 or net assets of at least £3,000,000 excluding primary residence. A private bank mortgage is a related but distinct concept: a mortgage arranged through a private bank rather