Financial readiness
Deposit
Determine the amount of deposit you have saved towards your home purchase.
Mortgage capacity
Assess your borrowing capacity by consulting with a qualified financial advisor.
Housing needs
Identify the type of home that suits your current and future needs.
Property selection
New build vs. Existing home
Decide whether to purchase a new construction or an existing property.
Additional costs
Factor in associated costs such as legal fees, surveys, and potential renovations.
Monthly expenses
Calculate your monthly mortgage payments and consider ongoing expenses like utilities, insurance, council tax, and service charges.
For further advice on buying a home please visit the Money Helper 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.