Finding a suitable property
How to Find a Property
If you wish to get on the property ladder, the best options are to contact a local estate agent and check local press for details of suitable properties in your area.
When you have found a suitable property, make an offer through the estate agent and make your mortgage application with your chosen lender.
How Much Do I Need
Take proffessional advice from your bank or building society and obtain some indication as to the amount that they are prepared to lend you and the methods available to you to pay back the loan.
The loan will be limited by the value of the property and your income. The maximum is usually 2.5 - 3 times your annual income and one time your partners income, or 2.5 times your joint annual income.
Last Updated: 27/07/2015