Acknowledged. We have sent these points on to the valuer for comment.
I would just like to say (and whilst lenders have to make up their own minds), there are a number of things supporting the valuation, including the price paid for the property (in excess of the valuation), the receipt of an offer to buy it substantially in excess of the valuation, and the fact that the development team view it as conservative and are committing over £500,000 of their own money in backing their judgement.
MoneyThing Have you cut the chocolate budget? The 3,000 registered lenders milestone has passed without comment!
Funnily enough, it was hovering on 2,999 for what seemed like ages yesterday and I was about to pop on here to offer a chocolate treat to our 3,000 registered lender. I then hesitated and was about to check with DenaThing with regards to 'financial promotion' thing and it then clicked over!
Will reignite the chocolate budget once the loan flow has kicked in again.
MTAG306 (£180,000 Development in Bradford), has just been repaid into our account. Since it is late on in the day, the loan will now be repaid to lenders tomorrow morning (18th), so that lenders earn the extra day of interest.