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Worried about DS First Time Buyer Mortgage Application

2 replies

Googlybear21 · 04/07/2026 11:38

DS is 25 and has made an offer on a flat in Scotland. He got an an agreement in principle before making an offer. He made a mortgage application at 89% LTV with Halifax/BOS, although he does actually have some more savings. I am worried that he might have made a mistake by not taking the LTV to 85%. If the bank are worried about affordability, would it be a straight decline or could they ask him to increase his deposit? I am concerned what the effect will be if he gets declined? Thanks for any advice.

OP posts:
Jmaho · 04/07/2026 15:53

I work in mortgages and do first time buyer purchases at 95% all day long. If he didn't pass affordability he wouldn't have got the agreement in principle
If affordability was an issue I would never decline outright and would instead offer a maximum loan

cestlavielife · 04/07/2026 15:55

It is not much difference. Leave him to it

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