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
- £1,250,000
- Loan type
- Residential purchase
- Property type
- House
- Illustrative price
- £1,800,000
- Contribution to price
- £550,000
- Illustrative loan-to-value
- 69.4%
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 Marylebone mews house for £1.8 million. The proposed borrowing is £1.25 million, with £550,000 towards the price. The listing shows an altered ground-floor layout and accommodation above a former garage.
The question behind the loan
The description ‘mews house’ does not settle the tenure, permitted use, access arrangements or documentary history. The buyer’s solicitor and surveyor need to establish what the title and property actually comprise, and whether the records support past alterations. Mortgage preparation should start with the complete listing and floor plan.
Information to bring together
- Title, access rights, tenure and the extent of the property being sold.
- Planning, building-control and any relevant consent history.
- A survey appropriate to the property and the buyer’s proposed works.
- Income, deposit evidence and a budget that retains funds for identified repairs.
Where the assessment goes next
Resolve the factual questions before treating the proposed loan as a settled purchase plan. If documentary gaps or valuation concerns appear, they need review rather than assumptions based on the postcode or asking price. The fictional figures do not establish acceptance of any unusual feature.
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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