A lender’s maximum eligibility is not the same as a comfortable household budget. Start with stable monthly cash flow, existing obligations, emergency savings and the complete property cost. Keep funds for charges that the loan may not cover.

Understand staged payments

For an under-construction purchase, loan disbursement may follow the agreed payment schedule and lender checks. Ask how interest is calculated before full disbursement and how the expected schedule overlaps with current rent. Stress-test the plan for higher rates, delayed income or a timing change.

Compare loan offers consistently

Review interest type, benchmark and spread, processing and legal fees, insurance, prepayment terms, reset conditions and service quality. Avoid choosing solely on an advertised rate. Keep sanction and disbursement records in your property folder.

Loan approval is not a substitute for independent title and contract review. Obtain personalised guidance from regulated lenders and qualified financial or tax advisers, and verify all terms before commitment.