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Barclays SO 15% LTV
Lorenzo94
Posts: 141 Forumite
Good afternoon all, I have applied for a shared ownership mortgage with Barclays with 15% LTV. How likely is that they will do a desktop evaluation? Thanks 
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Comments
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is it 15% ltv on your share? or 15% on the whole value? Is it a new build?0
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It’s 15% LTV of the share I’m buying (30% of £482,500 which is £144,750, and I’m putting down £21,715 towards the deposit). It’s a new build indeed.0
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So it's not 15% ltv. It's 85% ltv (15% deposit)
If it was 15% it definitely would have been desktop. Otherwise barclays don't have any real rules on it. I've had 95% done desktop from them prior to lockdown, and plenty low ltv physicals. The broker application system should tell if it's a desktop or physical valuation. Ours says 'physical valuation required' on one of the tabs.
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Oh my bad hah. Thank you very much for your kind help! I have applied with them directly so I’ll ask my case manager.
have a good week end 0 -
Direct use the old system that we used to use. Horrible system but still had the same info. Shouldn't take more than a minute for the info to be given0
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