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5% would need to be genuine savings, that is in a bank account for 3+ months. You wouldn't get the approval at 95% as lender will want proof of 10% deposit!

Normal procedure is to complete a TBE or to be erected valuation using the building contract, plans & specs etc. to determine an estimated value and another full valuation once certificate of occupancy (bank speak for property can be lived in) when property is completed. Different lenders have...