Managing Your Own Finances from Reach 4  mortgage broker LeedsIf 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.

Income Amount (£)
After tax   
Fixed Outgoings  
Mortgage/rent  
Loans/credit card  
Utilities  
Insurance   
Pension  
Transport   
Phone/internet   
Flexible Expenses   
Food shopping  
Gym membership  
Socialising  
Emergency fund   
Other  
Whatever's left   
Savings  

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. 

Why not have a read of our article on how to get a mortgage when you're single, for some great hints and tips!

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Because we play by the book we want to tell you that…

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.

For insurance business we offer products from a choice of insurers.

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