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Offering / Buying

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Hi there, I am looking to buy a house which is listed for £190K - the LPSNI RV is £120K.

Does the RV *really* hold any significient value/meaning?

We are probably going to get a little movement on the price to maybe £180K. How does this sound?

Happy to be told I am insane and should run for the hills :)

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Hi there, I am looking to buy a house which is listed for £190K - the LPSNI RV is £120K.

Does the RV *really* hold any significient value/meaning?

We are probably going to get a little movement on the price to maybe £180K. How does this sound?

Happy to be told I am insane and should run for the hills :)

unless its had a 50% extention sine jan 1st 2005 your insane and should run for the hills

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So do u guys think we shudnt buy it ?!

I’m not sure how the above advice could be clearer.

You are considering paying £60,000 more than rateable value, which is about the entire take home pay for an average earner for ~4 years.

The interest alone on that £60,000 @ 5% will add ~£250 per month on the mortgage payments.

In addition, as commented, some areas are now below RV, which makes it even more over priced.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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