Clarity please on the 85% maximum figure for a property valuation

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Shelley.t

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Post by Shelley.t » Tue Jun 14, 2016 6:34 pm
Clarity please on the 85% maximum figure for a Valuation on a property.
 
 

kallis3

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Post by kallis3 » Tue Jun 14, 2016 6:43 pm
Hi,

It's 85% loan to value if you are looking at a remortgage but, if you're almost at the end of your IVA then you will find that a remortgage is impossible and if your equity is more than £5k then you may have to continue for an extra year.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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Lisa Thomas

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Post by Lisa Thomas » Wed Jun 15, 2016 9:46 am
Is it solely or jointly owned?

How much is your property worth and how much is the o/s mortgage and charges on it?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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