| Comment | Yeah that's why I'm currently thinking I should prioritise saving for a bidding budget rather than a mortgage deposit, as regardless to the price I could expect to have to cough up to £20k above the HR value in order to secure the property I'd like. I'm not comfortable paying more than £20k above what's meant to be the objective value of the property for the types of property I'd be looking at.
Then hopefully I'd have another £20k on top of that for a proper mortgage deposit but if it's less than that by the time I want to buy, I just need to decrease my range in accordance with the LTV.
How does this sound as a strategy? :) |
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