Buying Property below Market Value (typically from Parents)

FAVOURABLE PURCHASE

FAVOURABLE PURCHASE

Buying Property below market value - typically children buying from parents

The most popular case is the sale of a property within the family: typically parents selling to their children.

Banks policies are very different and treat the favorable purchase in different ways. The difference between market value and purchase price clearly is a sign of available equity, but releasing it could be difficult: it depends on the specific bank policy. Therefore, the advice of a expert mortgage broker can make the difference in the final outcome.

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