Property News · May 31, 2018

Help-to-buy seems to have put a block on my flat purchase


Developers decided to sell ‘over-priced’ properties to investors rather than individualsI decided to buy a one-bedroom flat in Grafton Quarter, a new development in Croydon. The asking price was £327,500. I secured funding from the help-to-buy scheme and paid the £500 reservation fee back in December. However, the mortgage valuation was £290,000, leaving a large shortfall, so I had to apply to a different lender hoping to get the right valuation. This I managed to do. Continue reading…

Source : theguardian.com
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