General advice on buying a home
Buying a home is a major decision and there are a number of important things you need to consider. These include:
- how much deposit you have available for your purchase
- how much you will be able to borrow from a mortgage provider
- what type of home you require to meet your needs
- if you want to buy a new build property or existing home
- paying for other costs associated with buying a house such as legal fees
- how much you are able to afford for your monthly mortgage payments and other outgoings i.e. utilities, insurances, council tax, service charges, ground rent etc.
A qualified financial adviser will be able to assist you in evaluating your mortgage affordability.
For further advice on buying a home please visit the Money Advice Service website.
There are also a number of schemes and initiatives available to assist people to buy a home. These include Government schemes helping you to save for a deposit and affordable home ownership options such as shared ownership through housing association.
Details of schemes available can be found on the links below: