How Can I Buy a House?

publication date: Nov 1, 2011
 | 
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Download

How Can I Buy a House?


The Best Mortgage Deals


We are regularly answering consumer property questions for FREE via our Property Forum.

Here's an example of just one of the many property questions we have recently answered:-


Q - Five years ago, a friend and I were able to buy a two bed flat by combining our salaries and obtaining a key worker loan. 

We now wish to go separate ways and I am hoping to buy a property with my partner. However, due to the shared property bought only with the help of a key worker loan, I am not considered a first time buyer and I only have £3,000 in savings. 

We are unable to save massively due to high living costs and although I am in the position of being a first time buyer we cannot benefit from any of the incentives or mortgage deals out there. What can we do.   SEE THE FULL QUESTION HERE


A - Like many potential purchasers, saving for a deposit can be very difficult. We would suggest that you have a serious review of your finances via an Independent Financial Advisor (IFA) as they may find that taking all your income and expenditure into account, there could be some extra savings to make that could enhance your deposit.

Once you have had your finances reviewed, discuss your situation with a mortgage broker to establish what your options are.   FULL ANSWER CONTINUES HERE!


Also take a look at some of our other related articles:-

NEED HELP FROM THE DESIGNS ON PROPERTY EXPERTS?

Email enquiries@designsonproperty.co.uk for a one of our FREE Property Checklists.

Do you have a property question? GET AN INDEPENDENT ANSWER! ASK US via our PROPERTY FORUM, email enquiries@designsonproperty.co.uk or call 0845 838 1763.

Get a helping hand with our new First Time Buyer Service for just £19.99!

Property expert, Kate Faulkner, has joined forces with B&Q and other industry experts to offer a unique service, where you purchase a ‘property project pack’ that gives you:-

  • An A4 ‘how to’ guide (approx 80 pages), containing Dos and Don’ts, Factsheets, Checklists, Handy Tips and Forms
  • Access to Kate and her team, by phone and email, for any queries you might have during your project.

See the full list of Kate Faulkner's unique Property Services here!


Need help with a property problem? Have a question? Why not call Designs on Property on 01652 641 722 or Contact Us via email.
NALS Conference Chair 2016

Kate's Consumer Portal

Propertychecklists.co.uk

FREE Buy to Let eBooks

Download a copy of our
Buy to Let Show eBooks
for FREEsimply click on
the image below

Buy to Let Show - download our Buy to Let eBook for FREE