Owning your own home

Any shortfall on the value you would need to make up with cash.

Worked example:

• you bid £380k with £80k cash on hand
  
• Lender values at £350k
  
• £30k of your deposit would go towards bridging the value gap (380- 350 = 30)
  
• You would be left with £50k deposit on a £350k valuation, i.e. £50k deposit, £300k loan, LTV of 14%.
  
  

You could probably find a mortgage at this LTV, but you would obviously have a higher interest rate.

I have done you a sensitivity table: