KBC LTV 80% valuation

Leinstor

Registered User
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10
We have had an offer accepted on a property for 440k last week and KBC want us to get it valued tomorrow by their valuer. Property was up for 480k and needs renovations of approx 70k before we move in but we have no plans drawn for this and haven't got any quotes yet.

We want to get KBC's 80% LTV rate of 3.79% (current a/c with them too). They said that without a builders quote for works they wouldn't consider increasing the valuation. Our concern is that the valuer now knows what price was accepted for the property and gave us the impression that he wouldn't be doing much more than a drive-by evaluation.

Currently KBC are offering us 430K but we expected that to be revised upward to about 480K as they didn't consider all of our savings accounts at the time. We have 110k in savings but really want to push for the lower rate.

Should we hold off on getting the evaluation until we have proper plans done and quoted for or go ahead with the evaluation tomorrow? Might that delay the sale process?
 
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