What can you afford?

Buying a house is likely to be one of the biggest transactions you will ever make – that makes it both one of the scariest and most exciting. Before jumping in, it’s important to understand all the costs involved in moving as well as knowing what you can realistically afford.

The first thing you can do is to work out how much money you can afford to spend on monthly mortgage repayments. Work out what comes in, what goes out, what’s left and leave a little room for manoeuvre – just in case! It’s easy to get carried away trying to afford the nicest house you can but be realistic so you can afford the monthly repayments and still have some money left to enjoy yourself with.

For free advice on mortgage repayments and what you will be able to afford you can always speak to one of our expert Mortgage Advisors for free and use our free mortgage calculator.