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
- £1,100,000
- Loan type
- Residential purchase
- Property type
- House
- Illustrative price
- £1,600,000
- Contribution to price
- £500,000
- Illustrative loan-to-value
- 68.8%
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 household is considering a £1.6 million Wimbledon house with £1.1 million proposed borrowing. The £500,000 contribution to the price depends partly on selling its existing home. A possible extension is a later project and is not included in the purchase figures.
The question behind the loan
The useful distinction is between money already available and estimated sale equity. Existing mortgage redemption, selling costs and moving costs affect the cash actually released. The proposed extension needs a separate assessment rather than being assumed in the valuation or purchase budget.
Information to bring together
- Current income, spending, commitments and the proposed monthly budget.
- Sale progress and a net-equity estimate supported by current debt information.
- The target property’s survey and any recorded alteration or planning history.
- A separate extension budget and the decisions needed before design or construction.
Where the assessment goes next
The immediate mortgage and chain should be considered together. If the existing sale changes, the cash plan may need revising. An extension aspiration does not establish permission, future value or additional 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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