Before you start house-hunting, it’s a good idea to work out what you can afford to spend on buying a house or a flat and your monthly mortgage payment
You need to consider your personal circumstances and any financial implications involved. Remember, your savings will have to cover not just the deposit, but expenses such as mortgage fees (typically anything between £0-£2000) and Stamp Duty on properties costing more than £125,000
When looking at budget planning you must consider all the costs involved in moving. So, if you have a property to sell you should obtain an accurate valuation to establish how much equity will be available towards your next purchase. The higher level of deposit you have available towards buying will help your mortgage options.
Selecting the right mortgage is very important, whether you are a first time buyer, re-mortgaging or buying an investment property. Our independent mortgage advisor can offer impartial advice on a very personal basis. They will help you to plan your budget, look at all the costs involved in buying and selling property and advise you about the outgoings you will incur once you have moved into your new home.
As they are Independent they won’t just look at one lender, rates and criteria can vary so they will search the whole market to ensure you get the best possible mortgage for your criteria. Planning and understanding your financial position will allow you to view the most suitable properties for your budget and requirements, it will also allow you to advise our sales team of your requirements and ensure we source the right property for you