If a lender offers you 85% mortgage - is this of the valuation or of the purchase price?
Ie If they value a house at £100k and the asking price is £100k, I take it they give you £85k.
But if you knock the seller down to £85k (or get a discount from a family member etc) do you still get £85k or would they only give you 85% of £85k?
Cheers