Had house valued for mortgage purposes
Discussion
Ten years of property programmes telling them how house prices keep rising.
That and the new car sat on the drive that the equity in the house has paid for.
Oh and the fact that "two doors down sold for that in 2007".
I spent 2010 looking for a new place and couldn't believe the optimistic values some people have with regard to their homes.
That and the new car sat on the drive that the equity in the house has paid for.
Oh and the fact that "two doors down sold for that in 2007".
I spent 2010 looking for a new place and couldn't believe the optimistic values some people have with regard to their homes.
when i brought my house last year the mortgage valuers valued our house for £5000 under what it was up for.
The mortgage company wouldn't give us the price we had negotiagted so we went back and they knocked off £1000 but we still had to find another £4000 to go towards the deposit otherwise we would lose the house and the money we had already paid for the valuation/ land registry searches etc.
The mortgage company wouldn't give us the price we had negotiagted so we went back and they knocked off £1000 but we still had to find another £4000 to go towards the deposit otherwise we would lose the house and the money we had already paid for the valuation/ land registry searches etc.
Unfortunately every mortgage lender will do the same, lending is based on the lower of the purchase price or valuation - their security is within the value of the home, if you pay more than that you need to take the risk.
In the current market I wouldn't imagine many need to pay more than value, more likely the other way around surely.
In the current market I wouldn't imagine many need to pay more than value, more likely the other way around surely.
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