The people, amounts, property and circumstances are invented to explain a borrowing brief. No lender, rate, approval, completion or client outcome is claimed.
- Loan requested
- £720,000
- Loan type
- Residential purchase
- Property type
- Flat
- Illustrative price
- £960,000
- Contribution to price
- £240,000
- Illustrative loan-to-value
- 75.0%
The price contribution excludes taxes, fees, interest, works and other transaction costs. Those need a separate budget. The ratio illustrates arithmetic, not lending criteria or eligibility.
The borrower’s brief
A buyer is considering a Battersea apartment for £960,000 with a £240,000 price deposit and proposed borrowing of £720,000. The development has shared facilities, and the buyer has seen a current service-charge estimate but not the supporting documents.
The question behind the loan
The monthly commitment includes more than the mortgage. Service charges, ground rent where applicable, insurance arrangements and any planned works need to be understood. Building-safety or construction documents should be assessed for the actual building, without assuming every apartment needs the same certificate.
Information to bring together
- The lease, management pack and recent service-charge accounts or budgets.
- Known major works, reserve-fund information and building-related enquiries.
- The buyer’s other debts, regular spending and cash buffer.
- The property’s construction, warranty where relevant and valuation questions.
Where the assessment goes next
Compare the full cost of living in the apartment with the household budget before relying on the purchase plan. An unexpected building expense could change the cash needed even if the price stays the same. No service-charge threshold or building-safety acceptance rule is promised.
Discuss your own circumstances
A similar loan amount or property type does not mean the same finance is available. Income, commitments, credit history, the property and current terms need an individual assessment. Tell Jack what you want to achieve and any part of the plan that remains uncertain.
Prepared for Jack Cousins, Head of Mortgages at Lockhart Murphy. Updated 10 November 2026.
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