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
- £1,800,000
- Loan type
- Residential purchase
- Property type
- House
- Illustrative price
- £2,700,000
- Contribution to price
- £900,000
- Illustrative loan-to-value
- 66.7%
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 family want to move to a £2.7 million Hampstead house and initially propose £1.8 million of borrowing. The £900,000 price contribution depends partly on proceeds from their current home. They also hope to modernise the property after completion.
The question behind the loan
Sale proceeds, the new purchase and a later renovation are three linked budgets. The family need to distinguish cash already available from money expected after a sale. Any intended works also need separate cost and permission checks; the purchase mortgage should not be assumed to fund an uncosted renovation.
Information to bring together
- The existing sale position, redemption balance and expected net equity.
- Income composition, assets and liabilities supporting the new proposal.
- Survey findings, intended works and the relevant planning constraints.
- A retained reserve and a workable plan if the linked dates move.
Where the assessment goes next
A clear next step is to map the funds and dates before committing to the move. The requested loan may change if the sale proceeds, property valuation or renovation budget differ. The example does not imply a private-bank route, an income multiple or guaranteed borrowing.
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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