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A major bank sent through a conditional loan offer (i.e. still needed LMI approval) with one loan amount specified, disbursements etc. I'm now advised today the val. figure was a mistake is actually 40K less. Is this common?
Was it due to the valuation coming in low or the banker entering the wrong valuation figure?
The first is common with off the plan properties, student accommodation and new complexes however the second would simply be an error on the bankers part.
Viewing 2 posts - 1 through 2 (of 2 total)
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