| Comment | The AIP just tells you what kind of range of houses you can look at, nothing particular to your transaction. So disregard the 150k figure other than the fact thats your affordable range.
If HP is 150k and you want to pay 160k then you’ll pay your deposit of 7.5k and end up with a mortgage of 142.5k.
If you want to offer 160k you need the 7.5k deposit to get the mortgage and another 10k to offer over.
Then probably another 3/4k minimum to pay for solicitors and the move.. |
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