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Fixed Price Property

I imagine this is a stupid question but being a first time buyer everything is new. I have found a property that is set at the fixed price of £90,000. In this case can I still get a mortgage or will I need the >£90,000? Thank you.

Asked on Feb 3 2017, Home Finance in Solihull | Report content

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  • Hello Kate - not at all. The "fixed" price being stated is open to interpretation. Depending on market demand, that price may well be negotiable. Provided you can meet the lender´s criteria, you should be able to get a mortgage.

    Answered on Feb 6 2017, Report content
  • The term fixed price I would suggest is more a marketing term. Perhaps the price is set keenly and to make buyers aware it is not open to further negotiation.It shouldn't affect the mortgage, although any mortgage will be subject to valuation. Hope that helps.

    Answered on Feb 7 2017, Report content

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