How To Go About Borrowing?
You may suffer if you overstretch yourself by borrowing too much. Working out how much you can afford to borrow and how much deposit you can put down, is a crucial part of the home buying process. Remember, the type of mortgage deal you’re offered depends on the loan to value (LTV) ratio. This is how much you need to borrow, compared to the value of your house. If you put down a larger deposit on your home, you may get a better deal than if you tried to borrow as much as possible.
