FD valuation not as much as expected any ideas !!!

Matt123

Seriously can you not manage one post without some kind of personal attack? Likewise I'll not be talking to you again.

mr_mortgage

ThriftyBeanie wrote: »

This is a forum for financial discussion. The OP came here for advice, I gave him some. He may like it, he may not. I am absolutely fine with that.

However, I don't much care whether you like it as (a) it is not meant for you and (b) you have not added anything constructive to the thread or offered the OP any opinion of your own.

If my bluntness bothers you, well that’s a shame. Reply if it makes you feel better but I am not wasting anymore of my time on this nonsense.

FWIW, if the bank won't budge then the approach you suggested is a very practical one. I've no idea why you were flamed!

Find £2k (or 1500 as you mentioned), perhaps on some kind of revolving credit facility and in a number of months try to get a further advance from the bank (who may be totally happy to do it then) to redeem whatever remainder there is from the facility. Or, just pay off the revolving credit on whatever schedule is affordable to the OP.

Or, get in touch with whoever at the lender would be the one to receive the commission ... they may well have the incentive to find a way to resolve the situation.

Mr M.

Gloster_Advise

Have to admit Thrifty you do have a point.

Haven't taken all the facts in just the main parts, but it seems a bit tight not for the valuer to be pushed to increase it to that amount as they do have discretion even in these times if it justified.

Depending on the lnder the OP has gone to, I would take 0% credit, then a FA as soon as I could in order to get the 80% rate.

Regards
Si

Incisor

Matt123 wrote: »

My point was that you seem eager to criticise the OPs financial situation without knowing the first thing about it.

No, it wasn't your point, this is the first time you raised it.

Why not just suggest he gets a loan to cover the shortfall, instead of the posting with such condescending undertones?

What TB has done is spot that the shortfall in valuation which everyone else was seeing as £2500 actually translates to a shortfall of £2000 on credit, and then gone on to suggest where another £500 could be found.

So, I don't see why you are being sniffy. Left to you we would all be looking at bridging a gap of £2500. But now we are looking at bridging £1500. It was a useful post. Worth £1000.