Owning your own home

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NickCJ in reply to @Kurai

Not everyone is buying at 90%+ LTVs though, it's common for the constraint to be affordability / income multiples rather than deposit size.

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Kurai in reply to @NickCJ

True, but if the bank says its worth 90k less, you still need to find that 90k. Unless I misread and they are reducing their mortgage offer amount by 10%.

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NickCJ in reply to @Kurai

If you are buying at what you thought was 80% LTV and the valuation is down 10%, as long as the bank is happy to fund at 88.8% LTV you don't need any more equity.

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