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Bank has agreed mortgage in principle, but seems unaffordable to us!
Comments
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Ok I missed that you own your current house outright.
I don't really see any issue though, the bank is offering you in excess of what you want, so you just apply for the £40k mortgage you said you would be happy with.
The bank will set a cap on what it will lend you, but it's still up to you to borrow what you can afford.0 -
I'd like to be mortgage free - sigh........0
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