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Original poster

Info on a mortgage in principle

4 replies

BellaLinnea · 27/07/2017 21:56

Hello,
So I have been offered a mortgage in principle of a maximum £125k with 10% deposit. Does this mean they will theoretically loan me up to £125k and I will have to pay the remaining 10% of the house value? Or does the £125k include deposit and that would be the maximum house price I should be looking at?

OP posts:
MummyPigLovesAppleSauce · 27/07/2017 22:12

I think it means they will lend you the 125k then you have the 10% on top, so look for houses around the 140k mark. Happy to be told I'm wrong though

Original poster
BellaLinnea · 27/07/2017 22:20

I really hope this is it as we are in love with a £135k house and have the 10% deposit

OP posts:
Original poster
BellaLinnea · 27/07/2017 23:19

Just quite confused!!

OP posts:
sixinthebedandthelittleonesaid · 28/07/2017 21:55

This reply has been deleted

Message withdrawn at poster's request.

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