Amount needed to borrow (New Field)
There are times when a lender will not lend the amount required by the client as the property has been valued at less than it was previously valued at.
Is mortgage amount outstanding £3 million the property was valued at £6 million.
The lender valued the property at £5 million and will only lend at 60% LTV meaning the client can only borrow £2.5 million but there is nowhere in smartr to record the amount looking to be borrowed which is now different to the amount outstanding
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Wesley Ronayne
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Thanks,
Product Team