Are you seeing more downvaluations?

One of our experts asks, is anyone having an issue with Downvaluations top end? 

He says he has had one downvalued by £500k – it is due to the current speculation of a mansion tax, lenders are hedging their risk against the demand of high end property values.

He says he's been told that many transactions have been stopped due to downvaluations recently.

Anyone else seeing this? What do you think the reasons why are?

Responses by this afternoon.