Determining your budget
Before you can start doing the exciting bit – looking for your new home - you need to have a good idea of how much you can afford to pay for it. This will be based on a number of things:
- current house value - how much is your house worth?
- what can you afford to borrow? - including the value of any investments or savings that you wish to use
- hidden costs - such as solicitor's and estate agent's fees, Stamp Duty, removal costs and any mortgage fees you may have to pay.
Download our handy moving home checklist (PDF - 31Kb)
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
