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Purchase Price / Property Value ?
Gavf123
Posts: 22 Forumite
Newbie to Mortgages. Please be kind :j
When looking at applying for a mortgage online it asks for the Purchase Price / Property Value.
With living in Scotland its offers over so does this mean what I buy the property for ? The Offers over price ? or the true value from a survey ?
Please Help and thanks in advance to any replys.
When looking at applying for a mortgage online it asks for the Purchase Price / Property Value.
With living in Scotland its offers over so does this mean what I buy the property for ? The Offers over price ? or the true value from a survey ?
Please Help and thanks in advance to any replys.
0
Comments
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It means how much you buy the place for, which of course is the true value of the property to you, obviously some guesswork is required if you haven't had an offer accepted. Estate agents give a general rule of between 10%-15% above the asking price ( in my area anyway, Ayrshire ) but I'm not sure it'll still be this high. Prices are expected to fall or at least stagnate in the short-term.0
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thanks for that Skeekwarton0
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