Mortgage and home improvements

rakoczigabi

Hi ,

I hope someone could help me. 

I’m in the process of selling my house and buying a new one. 
I don’t have a mortgage on my current house (should get around 200k )  , but planning to buy one on mortgage. 

spoke with a mortgage advisor and the bank is happy to lend me £70k ( I don’t need more )  

My question is can I buy a property let’s say £240k , instead of using all 200k from my sale , can I use let’s say £170 ? 
And use the left over £30 to do home improvements ? 

So to total amount of mortgage still would be £70k. I just put down less deposit. Hope it makes sense. 

I have emailed my mortgage advisor but haven’t heard back yet. 

Thank you. 

K_S

Mortgage-wise, I don't see any obvious problem with your proposed course of action.