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Unmortgageable Flat
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The buyer had 26% depositAlbermarle said:Do you know if the two buyers who pulled out only had small deposits? so there would have been a high % Loan to Value. This can make lenders more sensitive to any issues, including low valuations.
If a buyer can put down a decent sized deposit, say > 25%, lenders tend to be pretty relaxed about valuations etc.0
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