If you're considering buying a house on your own, then it’s worth sitting down and going through your finances. Weigh up your outgoings against what your monthly income is; this will give you an idea of how much disposable income you have and what you could potentially afford to pay out on a mortgage.
Below is an example of a budget planner, showing any fixed outgoings you might have against flexible expenses.
Feel free to use this template to create your own budget planner and personalise it to suit your lifestyle.
By speaking with a mortgage adviser, we can help you plan your finances and determine how much money you have to put towards your mortgage, as well as looking at your monthly expenditure, to see how much surplus money you have each month.
The Bank of England usually increases interest rates when inflation is predicted to rise...
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Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
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