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Off-Plan valuation - true value?
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Exactlyteachfast said:Luckily the valuer won't be fooled by the 'premium/boutique nonsense'.0 -
There is a piece in the FT today suggesting that banks may not allow 95% mortgages on new-builds because of the difficulty of valuing these. It ends with the suggestion that new-builds are like cars, with a premium for being new that disappears as soon as the property is purchased. So it looks as if even the mortgage providers face the same difficulty as the OP in determining a fair value.
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