Marp Forms

[justasking2]

I am just in the process of filling out MARP forms from my Bank. One of the questions is for the current value of the house ? How can I go about this. I live in a rural area and all the properties are different so have nothing to compare with. We had an insurance claim a while ago after a burst pipe and at the time the insurance guy that came to check the damage advised us to increase up building cost from €200k to €220k. Should a give this as my value or % above or below this ?? Many thanks for any help. Also any idea how long this process takes have my last interest only payment in November ?

 

[wbbs]

Cant help you with the valuation, can you ask local auctioneer? The value the insurance company mentioned has nothing to do with the market value of the house, it is just the rebuilding cost and could bear no relation to the selling price of your house.