Blueeyes123
Registered User
- Messages
- 31
Hi,
My question is when your approved for a trade up morgage of Competitive loan to value of up to 92% - is this based on the value of the house you are purchasing, i.e. if your given the approval for 92% of what the valuer says, does the bank have to give that amount if you want that amount? so If your cheeky and then offer a little less to the person selling, you the buyer would have to come up with less to make up the full amount?
Or is it 92% of what you pay the seller?
Hope the above is worded ok? is this possible? can anyone advise?
Thanks in advance?
Blueeyes.
My question is when your approved for a trade up morgage of Competitive loan to value of up to 92% - is this based on the value of the house you are purchasing, i.e. if your given the approval for 92% of what the valuer says, does the bank have to give that amount if you want that amount? so If your cheeky and then offer a little less to the person selling, you the buyer would have to come up with less to make up the full amount?
Or is it 92% of what you pay the seller?
Hope the above is worded ok? is this possible? can anyone advise?
Thanks in advance?
Blueeyes.