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So you know what the lending limit is likely to be.
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Ah, or actually it's 80% of 775k, so it's probably the max LTV
You could probably put down 155k instead of 200k then.
But they'll be giving you the limits so that you don't have to go back in the scenario there are a few people bidding and it goes for, say, 800k
Brommers
duncs
@Dammit
Hmm, ok - but presumably they'd not lend me the 45k overshoot, so why include it?