Planning ahead for my home

There’s something about owning your own home. It’s not the apartment you rent or the house you buy, it’s the home you make.

Even the word ‘home’ can connect us warmly to the important people around us. From buying your first home, moving to another, extending and improving, making sure these big decisions run smoothly takes planning.

A mortgage loan makes it possible, but to apply you’ll need a track record of earning, paying rent and saving a deposit. Because we can’t lend you all of the money to buy a property, you need to have enough money saved for at least 10% of the house price as a deposit. And like any other complicated transaction there will be other things to pay for and to save for. Budget for solicitor’s fees, valuations, insurance and renovations.

If you’re on the property ladder, the possibility of moving comes into play as children grow. Sometimes the best option is to trade up, but this will cost more than you are paying now. Lots of people ask us should they buy first or sell first? It all depends on whether you can afford to pay for two homes. Many of our customers have sold their old home before they take out a mortgage with us for the new one.

As always. planning helps. Our mortgage calculators can help you figure out how much you might be able to borrow for that first time home, a move or a selfbuild property.