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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?
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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