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FTB Mortgage, with CCJ in dispute.
Comments
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Property value is removing GE Money who require a minimum valuation of 100k. They ignore defaults under £250. I suspect this was the lender initially selected by L&C.I am a Mortgage AdviserYou 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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GMS - Is criteria like this able to budge? The property was on the market for 120k so could a valuation hit over 100K ? Or do they only consider price sold?0
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They will base lending on the LOWER of the purchase price OR valuation.
This may not have been the lender they chose but it seems to fit in with a CCJ and has the 100k stipulation.I am a Mortgage AdviserYou 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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