Penthouse valuation

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20 Oct 2008 12:00 AM by mcgill Star rating in Airdrie, Scotland & .... 41 forum posts Send private message

Has anyone received a valuation for the Penthouses yet? Have seen a few post about the Jardines valuations but was interested to know how the banks are viewing the Penthouse investments in the current financial climate.

Cheers
Steven


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21 Oct 2008 9:02 AM by snorkychopper Star rating in England / Spain. 226 forum posts Send private message

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My neighbour Midge in Block 16 has had a bank valuation come back of 141K against his and my purchase price of 137400

Just got to persuade some bugger to give me a mortgage now - currently on the 3rd lender as they keep changing LTV factors !



This message was last edited by snorkychopper on 10/21/2008.

This message was last edited by snorkychopper on 10/21/2008.


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22 Oct 2008 11:49 AM by sharonw Star rating in Coin, Malaga. 281 forum posts Send private message

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snorkychopper,

In my experience I can cuncur that valuation level;  many lenders are going down to 60% LTV - Barclays were the first a while back and now others are following suit, with another UK lender on Monday!  But still possible to obtain 70% LTV, at reasonable rates.



_______________________

Regards

Sharon

sharon@tmasspain.com

 www.themortgageservicegroup.com

 



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