Mortgage for an Affordable Housing property

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FTB1975

Registered User
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175
Hi folks,
Just a quick question.....what's the deal with FTB mortgages to Affordable Housing applicants these days? Are the approved lenders still lending and are they lending anymore than max LTV 80%.....my mortgage approval is about to run out in a week or 2 and I'm in limbo with the council I'm purchasing the property from. Have a shortfall between amount I can borrow and asking price....waiting on it to be sorted.

I really just want to know if any of the approved lenders are lending more than 80% before I either back out or just take what I'm being offered.

Any advice greatly appreciated.
FTB1975
 
Do you mean 80% of actual purchase price or 80% of open-market valuation?

Which Local Authority?

Are you buying a house or apartment?
 
Hi,
Sorry... I should have been a bit clearer.
80% of open market value and it's a 2 bed apartment, buying with DCC
Thanks
FTB1975
 
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