Is buying right for me?

There's often a great sense of pride and achievement in owning your own home. And, of course, there’s the added advantage that it will hopefully provide some financial security at a later date. But is buying a house the best option for you?

The decision to get on the property ladder is a big one for first-time buyers and many struggle to get a mortgage. But the important question isn't can I get a mortgage?, it's can I really afford it?

Make sure you have talked to an adviser to discuss your options and what your monthly payment will be. 

Should I buy or rent?

Pros

  • Owning your own home gives you independence and a real sense of freedom
  • You don't have to follow any rules laid out by a landlord
  • It's your house and you can decorate it as you wish – and any improvements you make to your home could potentially add value to your property
  • When your mortgage has been paid off, the property is yours
  • If house prices generally rise, the equity on your property has the potential to increase (but remember, like any investment, prices can also go down)

Cons

  • The average mortgage lender can ask for a deposit of up to 25% before giving you a mortgage. However, there are deals available for first-time buyers which only require a 5% deposit
  • It's not always guaranteed that house prices will go up and there is always a chance that you might go into negative equity, where you owe more than your house is worth
  • If you don’t keep up with your repayments, your home could be taken away from you
  • Your monthly outgoings may increase dramatically after you buy your house
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Call us now for fee FREE advice to find the right mortgage tailored for you

We'll take the stress away by managing the whole process to make sure your mortgage completes on time. 

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Call us now for fee FREE advice to find the right mortgage tailored for you

We'll take the stress away by managing the whole process to make sure your mortgage completes on time. 

First time buyers

As a first time buyer, choosing a mortgage may seem like a confusing process. Find out how we can help make the mortgage process easy for you.

Remortgaging

If you are currently with another lender and are looking to remortgage for a better deal, we look at a range of mortgages that could save you money.

Moving home

If you're looking to move home come and talk to our advisers. They can review the mortgage market to find you deals that will best suit your needs.