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Surely in that scenario, you run the risk of the mortgage lender disputing the value and not lending enough?
Yep. You'll find out though. Then at least it gives you a little wiggle room to renegotiate with the seller, but they'll dislike you for it. Or you just back fill with your own cash.
Is there any way of finding out how much a property actually sold for?
All prices are on the land registry, can be accessed easily through RM and Zoopla etc, but with a delay of months.
But the 2nd bedroom was a cupboard
Time to be alive
Could have had my massive modern 2 bed ground floor flat in Bow for £400k. What is it with fucking E17?
Howard
Yeah I can only assume that one buyer just said 'fuck it' and went all in. Surely in that scenario, you run the risk of the mortgage lender disputing the value and not lending enough? Is there any way of finding out how much a property actually sold for?
As I say, it was quite nice and had a big garden. But the 2nd bedroom was internal, like a cheap cabin on a cruise ship. So I hope whoever bought it also budgeted for vitamin D supplements.