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Trying to get on the property ladder can be daunting.
- How much can you borrow?
- What kind of deposit is required?
- How much will related costs be i.e. solicitors etc?
Some lenders will lend up to five times annual salary in
some cases. Much depends on your credit score with them and
your profession.
100% mortgages are available, most lenders however most will
need to know that you have a 5% deposit.
When purchasing property it is also important to remember
that in addition to a deposit you must also have money to
pay for valuation , solicitors and stamp duty etc .
Guarantor mortgages are available for the 1st time buyer
wishing to apply for a mge with the help of a parent.
The most important thing to remember is not to borrow more
than you can afford on a monthly basis. It is not just the
mortgage repayment you have to think about, with purchasing
a property also comes the responsibilities of things like
building and contents insurance, life and protection insurances
as well as your normal monthly utility bills.
Capital Freedom have fully qualified advisors who can discuss
your current position in complete confidentiality, and can
search the marketplace for the right deal for your circumstances.
For no obligation advise contact
us today
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