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Ltv ??

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Comments

  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    ktmozz wrote: »
    Nice to know someone thinks the same as me!

    Emphasise the word hope in the original quote.

    Remember surveyors will generally value conservatively based on similar sold prices in the area.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    lee111s wrote: »
    My valuation came back at the exact purchase proce, it's not a coincidence!

    Wasn't your valuation. It was the lenders. The valuation merely confirmed that the property was adequate security for the loan.
  • lee111s
    lee111s Posts: 2,987 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Wasn't your valuation. It was the lenders. The valuation merely confirmed that the property was adequate security for the loan.

    Sorry Mr. Pedantic. The survey done on my property to be.
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    lee111s wrote: »
    Sorry Mr. Pedantic. The survey done on my property to be.

    Don't think the post was meant to be pedantic.

    All valuations are done for the benefit of the lender. They have the ability to rely on the information should the need arise, not the client.

    Extremely rare for a valuer to come back with a higher figure than the purchase price. Not in their interest to do so.
    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.
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