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Yeah, it kinda is, for precisely the reason you mention. According to Gidiot, if we Brexit, it's going to be worth 85 pence. If we Bremain, it might be worth 85 squillion.
By all means, remortgage in 6 months, but the answer to your original question is: no.
Hi,
If I buy a house for £85k that has a home report valuation of £100k. Does the lender view this as having £15k equity in the property + deposit amount?
Thank you,
They are unrelated. The mortgage evaluation report is what matters. Which is something the bank's own surveyor's will conduct.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain
Hi,
If I buy a house for £85k that has a home report valuation of £100k. Does the lender view this as having £15k equity in the property + deposit amount?
Thank you,
No, they take the purchase price as the value of the property unless a relative is selling you a property at a discounted price
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