Guys,
I purchased the site for €120,000, the valuer of the building society valued the site at €250,000. It was my belief that i can claim up to 90% of the value of which the valuer valued the site ie €225,000. I asked for the first stage €170,000 this will pay for the site and the surplus will hopefully get me to roof level.
Building society are saying today that they will only give 90% of the purchase value now, meaning we will have to finance the initial stage ourselves. This is not what they had said previously any body have any comments?
I purchased the site for €120,000, the valuer of the building society valued the site at €250,000. It was my belief that i can claim up to 90% of the value of which the valuer valued the site ie €225,000. I asked for the first stage €170,000 this will pay for the site and the surplus will hopefully get me to roof level.
Building society are saying today that they will only give 90% of the purchase value now, meaning we will have to finance the initial stage ourselves. This is not what they had said previously any body have any comments?