>>In the UK it was possible to borrow more than the value of the house (typically 125%). Again the expectation was that rising prices would take care of the excess amount.
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>I think you could get a loan for more than the purchase price here if the house needed repair, and you were borrowing to do that. The idea was that the work would raise the value of the house, of course.
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>Tamar

The extra here was more for wide screen TVs etc