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A bank valuation is done by a licensed valuer anyway so two birds with one stone. As for what the banks say you can afford, hard to say without knowing your entire situation as it depends on the lender etc.

General rule is 10% deposit needed + stamp duty as a minimum. You may have 60k equity but the banks won't lend you 60k, not even close. They may lend you 90% of your property's value. So minus what you currently owe that would give you about 20k out. Of course if the valuation is better than...