A friend of mine would like to buy a flat. It is currently a sellers' market and the agents write:
Along with your offer we require your sales position ie. first time buyer or you have a property to sell etc, along with knowledge of the size of your deposit in comparison to your mortgage requirements.
First part is fine, but why would they want to know her deposit size? Without her salary, they wouldn't be able to do detailed considerations, but I imagine if she has a significant deposit they might think of pressing her for a higher offer.
I think the best thing to do would be to give them either a reference/letter from an independent mortgage/financial adviser saying "it is possible" or a percentage range.
What would you respond? Thank you.