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Abbey Valuation on New Builds
Comments
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I think Barratts have shafted you, I would never buy one off there overpriced shoes boxes, they are negative equity traps.
You should of stuck to £140K
Thats your opinion, its actually not a shoebox (unlike some of the other barratt houses) and we plan to live there for a long time. I've lived in older houses all my life and are I'm currently part exchanging a 1900 house that always seems to need working doing to it, hence why we've decided to buy new instead
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Oh dear, getting in to a debate about the size of someone's house they choose to buy is not a good idea. Different familys have different needs and if this house suits jonomassey and there family and they are happy with it then I wish them the best of luck and so should others.I am a Mortgage Adviser. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. 0
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Has any of the mortgage brokers who post on here had any mortgage offers from the abbey in the last week or so? My mortgage broker has said our mortgage offer is now on the pile awaiting to be printed off and sent so was wondering how long this normally takes as they have said they are working a few days behind. They requested additional info on Wednesday last week on the incentives being given by Barratts and so have had this for a few days now.
Many Thanks0 -
Yes, you should play hard ball. If Abbey valued it @ £140k and you pull out, the next buyer who comes along will find themselves in exactly the same situation when it comes to having the property valued, so they will be no better off for having lost you as a potential buyer.My debts at 11th April 2011:
Virgin Credit Card - [STRIKE]£1,900[/STRIKE] £1,500 (21.1% paid off)
Nationwide Authorised OD - [STRIKE]£2,000 [/STRIKE] £1,500 (25% paid off)
Student Loan - exact amount TBC but circa £5,000
I'm on the road! :T0 -
The surveyor never sent the £140k valuation to abbey as they finally valued it at £150k which abbey have accepted and are issuing a mortgage on. Barratts have now also reduced the other 3 houses of this style on the development from £165k to £155k as they all have garages but small back gardens and we went for the plot with our own drive and large back garden.
Were are justing waiting for Abbey to pull there finger out and send the mortgage offer so we can finally exchange contracts!!!!0 -
Just because they 'revised' their valuation does not make it true. I would be very careful if I were you.0
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