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Site value for mortgage?

Nickypicky · 2016-11-28 21:47:14

So, have our full planning, want to start building asap. In the middle of finding solicitors/engineers/getting site valued. Sent a load of emails over the weekend as I knew I couldn't make calls etc today and wanted to get the ball rolling. Received a reply today from the valuers saying seeing as you have been gifted the…

28-11-2016 10:47pm

#1

Nickypicky

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Join Date: August 2016

Posts: 45

So, have our full planning, want to start building asap. In the middle of finding solicitors/engineers/getting site valued.

Sent a load of emails over the weekend as I knew I couldn't make calls etc today and wanted to get the ball rolling.

Received a reply today from the valuers saying seeing as you have been gifted the site, that she will value the site lower as opposed to higher........

Can someone shed some light on this? Im confused.

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Comments

#2 29-11-2016 11:26am

Henry Ford III

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Asking the valuer is the best idea.

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#3 29-11-2016 11:30am

fits

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Posts: 13157

Value of site is part of total allowable inheritance you can receive from parents (280k) so you'd probably want a lower estimate.

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