Owning your own home

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Cupcakes in reply to @pifko

Okay - but does that mean they will lend the full price, or they will lend price less deposit?

E.g. flat valued at x, deposit is y, does the bank lend x, or do they lend (x-y)

I can see both making sense. But I guess they lend x.

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pifko in reply to @Cupcakes

They lend what you can afford to repay.
Pre 2007 some might lend x. Not any more.

Find out what they can lend you, work out how much deposit you have or will have when you expect to exchange, add them both together and there you have your house price range.

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Cupcakes in reply to @pifko

Sure, agreed. What I mean is, what they'll lend me plus my deposit is higher than the market value of what I want to buy. So I want to offer x+deposit, where I have a 85% LTV. Should be fine right?

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