over valued buy to let property

[nappeah]

If an investor who buys a property for buy-to-let and finds out the property has significantly been over valued and purhase price shown higher than that shown on land registry ,what are some of the remedies available to him

[The Builder]

You're not winding us up here are you Nappy ... :o)
How can the purchase price be greater than shown on the Land Registry........ that IS the purchase price ???

[redcrx]

surely the vendor bought it at a price they were prepared to pay?
a valuation on a property is really a guide price its only going to sellat a price the buyer is prepared to pay

[redcrx]

sorry: the vendor sold it at a price they were prepared to pay

[no-knowledge]

beg for some money back?
send the boys round?
cry until he/she gets over it?
write to Jim'll fix it?

[Mr Veritas]

The Investor has NO rememdies.
If they bought it without first doing their homework(Land Registry etc) then it is their own fault.
You cannot legislate for idiots!

[Eve]

Who valued it and in what context?

If a mortgage lender then I don't imagine they would be too impressed if their LTV (esp if high) was calculated on the overinflated value, especially in the current market.

I have a feeling something may be rumbling about developers providing exaggerated valuations on new builds/conversions so if that is the case for you then may be a good idea to keep your ear to the ground.