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10-07-2009, 01:27 PM
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Mortgage valuation....?
Hello there,I have offered £110,000 for a house and asked for a mortage of £94,500 the valuation has now been done on the property and Alliance & Leicester have valued the house at £107,000.Of course this is still more than £10,000 than what im asking to borrow but I dont have any more money to put down as a deposit.What happens next?Do you think that A&L will still offer the £94,500 im asking for?And would you know what they ment by a renention?Thanks all:-)
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