zuluwarrior
Member of DD Central
chap from Newcastle, dabbling here and there. Long-time lurker of the forums
Posts: 78
Likes: 42
|
Post by zuluwarrior on May 18, 2022 15:05:19 GMT
I think it's the valuers who were either inexperienced or gave the values that platforms requested. I fear one of the biggest issues is lenders were inexperienced & didn't understand the context of many of the valuations eg MV with restrictions is still largely meaningless in a distressed sale scenario, particularly when it relates to a development. Certainly consider myself in that category. That's not to deny the more collusion & conspiracy theories are also valid Agree, a valuation for P2P is almost a different kettle of fish to a valuation for a development site with conventional funding. Valuation particularly in P2P should also take account of the developer, i.e less experienced, more chance of distressed sale and therefore lower valuation.
|
|
