Had another meeting with our mortgage broker the other night. It looks like we can service a loan for even more than we need (if we want to live on the poverty line). The only thing we need to worry about now is what valuation the bank gives us when we finally submit our plans and permits, if the valuation is too low we may need to pay mortgage insurance or go into our savings a bit more to get our gearing to 80%, or even a combination of the two.
Now back to finalising the kitchen and the spec. Another weekend at stores ahead.