Borrowing more than property value

Annisele

In that case, I think the answer to your original question is "maybe". On the assumption that the lender values the property at £240k:

If you put £90k down as a deposit, that'd be a 62.5% LTV. If you were to only put down £80k as a deposit, keeping £10k to spend on other stuff, that'd be a 67% LTV.

So, if the offer of a mortgage loan of £150k was based on an LTV below 65%, you can't do what you want. If it was based on an LTV below 70%, you might.

Peter1988

Thank you for your help