We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
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 
0
Comments
-
is it 15% ltv on your share? or 15% on the whole value? Is it a new build?0
-
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
-
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.
0 -
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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards