Buying property - advice

Buying property - advice

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shirt

Original Poster:

22,609 posts

202 months

Friday 16th December 2016
quotequote all
Has anyone on here bought property or involved with it professionally?

'My mrs is buying a tenented studio as an investment and has just has the MOU through from the agent. She's asked me to look through it but I'd much prefer to point her towards experienced/professional hands.

shirt

Original Poster:

22,609 posts

202 months

Saturday 17th December 2016
quotequote all
Hey nick. If you can that would be fantastic. Do you have my email?

One thing I noted was whether she has the right paperwork given the clause that you lose your deposit if the sale falls through. She has the mortgage agreement pre-approved. Is this sufficient? I've no idea how this works tbh.

shirt

Original Poster:

22,609 posts

202 months

Saturday 17th December 2016
quotequote all
you just wanted me to click your profile. you deviant....

cheers for info, pm sent.

shirt

Original Poster:

22,609 posts

202 months

Sunday 18th December 2016
quotequote all
did you get my PM nick?

latest is now that the bank has evaluated the value of the property below that of the agreed sale price so she has a shortfall in funds.

is there any way to challenge this valuation? the property was already circa %10 less than the next cheapest identical one on the market [of which there are plenty - large development] so i can't fathom how they've arrived at this figure [another 10% below the asking, 20% below market].