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Offered the chance to buy house we're renting
Comments
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Good advice for OP employing own surveyor. But for a mortgage valuation, almost by definition, a deal has to be already negotiated. The question to be resolved at that point is whether the property has enough value to support the mortgage. Too low a valuation at this stage might cause the deal to collapse ....
No it doesn't. The OP can do exactly what I have said for a mortgage valuation.0 -
How do you get a mortgage valuation on a property without making a mortgage application? And how far would a mortgage application go if no purchase value was indicated ?????No it doesn't. The OP can do exactly what I have said for a mortgage valuation.
Answers appreciated.You might as well ask the Wizard of Oz to give you a big number as pay a Credit Referencing Agency for a so-called 'credit-score'0 -
By stating to the mortgage co that a price has yet to be agreed and you intend to rely on the valuation to agree the price. They will ask for an indicative value, but no need to state anything other than a range, say £200-£250,000 (if it's in that price range obviously). No different to getting a re-mortgage.0
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To start with you need to find out how much you can borrow. She needs to get some estate agents round to value. Is thre anything sold or selling on your street to give you a rough idea? Then it's a case of negotiating a price you both happy with. I'm guessing if you don't buy you have to look elsewhere as she will give you notice to move out?Have a Bsc Hons open degree from the Open University 2015 :j:D:eek::T0
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No she isn't putting it on the market as far as I know she just asked casually if I would like to buy it, I didn't take her seriously at first but our circumstances have changed for the good and asked her last week if she was serious and she said definitely. Still waiting for her response after I asked her to sort out getting it valued, I have meeting with financial adviser on Thursday.Regular saver £200 Saving for emergency fund (£2000)
ISA £30 Saving for new clothes/ new laptop (£1000)0
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