How to make an offer?

[Petwag]

Hi everyone,

I am first time buyer and I am thinking about making an offer for a flat.

My question is about my mortgage in principal. As I want to negociate the price, should I ask a mortgage in principle for the price I want to offer or for the maximum amount I can have?

Thank you in advance

 

[Longterminvestor]

I would be inclined to ask for a mortgage in principle for the maximum amount you can borrow (or the maximum amount you are willing to pay for the property). In a worst-case scenario, you will know how much you need to borrow and the rates, in a best case scenario, you would need to borrow less.