I wouldn't want to sell to a BTL'er but to be honest we need every penny with our move. Savage. Our biggest worry is that the purchasers bank downvalues the place. It's not likely but possible, since the offer was so much higher than sold prices in the area.
About 5pc is a valuers tolerance. A lot , in reality, depends if they are working on their own insurance or whether they are an employee and they are covered by the firm...
I wouldn't want to sell to a BTL'er but to be honest we need every penny with our move. Savage. Our biggest worry is that the purchasers bank downvalues the place. It's not likely but possible, since the offer was so much higher than sold prices in the area.