I've found a house I'd like to buy, and am thinking of making an offer. I'm a first time buyer who has waited for a very, very long time for this opportunity.
I really want this house and would like the estate agent to take it off the market as soon as the offer is accepted - that means cancelling current viewings and taking it own their own site and websites like Rightmove. To my understanding this is the vendors decision, but my estate agent has also said they only do this when people can provide proof of a decision in principle.
I'm uncomfortable with doing this as then won't the estate agent know how much of a mortgage I can apply for? I am not maxing out on that amount because if I borrowed the max the bank is willing to lend me, my monthly bills would be really unaffordable, and I also need money put-by to buy furniture and some work on the house is also need. All the bills would be on me as I'm single.
I can show this of course after the seller has accepted the offer, but I guess my worry is that the sale will somehow fall through or the seller will change their mind (not sure how often this happens). The main estate agent of the area will then know how much I'm allowed to borrow which in future dealings might work against me. It's this sort of thing that has so far put me off using in-house mortgage brokers as well.
It's a lot of ifs and buts I guess, but has anyone else experienced that?