We live in the UK and are hoping to move home. We wanted to put an offer in on a house. We have already spoken to our bank who have given us a letter stating the amount we are able to borrow. (Its the asking price of the house but they are willing to give more.)
The estate agent for the sellers has asked to see this letter and we have shown it to him, so he knows we can afford the full amount. But I feel at a huge disadvantage to the negotiating process. Its in the estate agents interest to push the seller to not accept our lower offers, he says he cant tell them the amount because that would be a conflict of interest but surely him just knowing is a conflict of interest.
He has used phrases over the phone that suggest he is letting them know this, "I'll say this is getting close to your maximum.." etc.
If we approach another estate agent for a different house I'd like to avoid this situation, do I have to tell the estate agents what the bank is willing to offer? Or can I otherwise work around this?