michaelc
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Post by michaelc on Jun 14, 2019 14:31:04 GMT
Been on the market since at least Feb with an asking price of 185K. Interesting I thought that the valuer stated that the asking price was excessive given his own valuation was 180k. If a property "should" sell at 180k, then an asking price of 185K all other things being equal is not excessive.
Also, the LTV based on 90days is almost exactly 70%. I wonder if BC actually calculate the max loan based on that - it would seem sensible. Of course, if the FCA ever cleans up p2p, these kind of things should be upfront.
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Greenwood2
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Post by Greenwood2 on Jun 14, 2019 16:29:21 GMT
Been on the market since at least Feb with an asking price of 185K. Interesting I thought that the valuer stated that the asking price was excessive given his own valuation was 180k. If a property "should" sell at 180k, then an asking price of 185K all other things being equal is not excessive. Also, the LTV based on 90days is almost exactly 70%. I wonder if BC actually calculate the max loan based on that - it would seem sensible. Of course, if the FCA ever cleans up p2p, these kind of things should be upfront. What loan number is that?
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michaelc
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Post by michaelc on Jun 14, 2019 17:24:44 GMT
1464
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Greenwood2
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Post by Greenwood2 on Jun 16, 2019 7:19:15 GMT
I had a look on Zoopla, the valuation might be a bit high, but the loan amount seems pretty reasonable compared to the likely selling price, a semi nearby went for more in 2017 and the one on BC is detached and has had a lot of work done.
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