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Price reduction buying house, mortgage change

1 reply

Em2122 · 24/01/2020 17:10

We have agreed a lower purchase price but we need to keep some money behind for house repairs. Can we pay a smaller deposit and still get the same loan or would this effect the mortgage. Or does the LTV have to stay the same ?

OP posts:
KellyHall · 24/01/2020 17:12

It depends what the LTV is, if the original was your maximum then you wouldn't be able to change it. Why don't you ask your mortgage advisor?

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