All Topics / Finance / finance on the valuation

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  • Profile photo of Watson01Watson01
    Member
    @watson01
    Join Date: 2007
    Post Count: 5

    Hi I just have a quick question.

    I have purchased a few properties in the past, below value. I have been able to get bank valuations that are usually 10-15% above the purchase price and used the difference for deposits.

    Will this work with low doc/no doc loans?

    Profile photo of pilihppilihp
    Member
    @pilihp
    Join Date: 2006
    Post Count: 26

    Hi Watson01,

    Most low doc / no doc lenders will insist on an independant valuation. Most valuers will only value at what you are paying & the lenders will ignore a higher valuation if you manage to get one. You have to work out a way of getting the property into your name first, then lenders will give you credit for your buying skills.

Viewing 2 posts - 1 through 2 (of 2 total)

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