11 Sep 2009 12:00 AM:
Hi there
is there anyone else out there majorly concerned with the valuations that are coming back from mortgage lenders??? is it a fact that our aprtments have devalued so much ??? not only are we getting hit by the exchange rate but also by the property market devaluation in spain as every where else!!!!
I am very reluctant to complete into a potential negative equity of £50000.00, just wondered if i am the only one out there? and if im being honest im not 100% sure i want to continue it may be more cost effective to walk away and lose considerablly less than the neg equity.
i suspect it will take the next 15 years to even break even and i dont want that either at least at this stage i have a choice once completed then i dont ...!!!!!!
feed back here would be greatly appreciated im in a quandry!!!!!!!!
Ann x
Community thread:
seriously worried re valuations !!!
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