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Shared ownership valuation overpriced - can anything be done?
underthesea
Posts: 97 Forumite
We're thinking of buying a shared ownership but we really think valuation is overpriced compared to other places in the area. I know we couldn't afford other places which is why we have to go for shared ownership.
How can the banks allow the sale if the valuation is really overpriced? I thought there might have been a variable range of 5% under/over to protect all parties and stop artificial inflation. Any advice other than 'don't buy'?
How can the banks allow the sale if the valuation is really overpriced? I thought there might have been a variable range of 5% under/over to protect all parties and stop artificial inflation. Any advice other than 'don't buy'?
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