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House asking price and mortgage valuation
Comments
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lookstraightahead wrote: »House values are not set in stone. When you buy a house they can go up or down in value. That's the 'risk' you take. Don't rely on either, just enjoy your property.
When houses are vastly overpriced as they are now though it becomes more of a problem, especially as the dreaded "No Deal" is back at the table from it`s smoke break.0 -
if it’s intended to be your forever home I wouldn't worry too much house prices fluctuate and it’s only an issue if you need to sell in one of the troughs.
If you paid a couple of grand more then it’s worth it’s probably still a lot less then you outlay renting.0 -
It basically means that if the house was repossessed that they believe they would be able to get the amount they have mortgaged back.Mortgage for £212000 - 10/17 for 35 years!
Aiming to overpay each year as close to 10% as possible!0 -
if it’s intended to be your forever home I wouldn't worry too much house prices fluctuate and it’s only an issue if you need to sell in one of the troughs.
If you paid a couple of grand more then it’s worth it’s probably still a lot less then you outlay renting.
There hasn`t been a proper trough for a while though, that is the problem.0
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