Reply To: Hard To Believe

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It seems that banks will lend you 80% of the value of the property, so to get 100% plus mortgage, the bank will have to value the property way above its actual value, this is why some deals are now hard to complete. Some mortgage brokers are able to work with banks that will over value but the mb will ask more in commission, this could lead to buyers needing up to 15% above the purchase price.