Mortgages Huddersfield

home buyer

Even if buying your first home doesn't seem achievable right now, having a clear path toward your goals can give you the motivation to get you there.

It’s worth noting that there are a few drawbacks to putting down such a small deposit when buying a home:

Housing Loan

And if a lender thinks you can’t afford the repayments, they usually cover the extra risk by charging higher interest.

Housing Loan
Second Charge Mortgages

Second Charge Mortgages

For instance, if you buy a home worth £200,000 with an LTV mortgage, you will only need a £10,000 deposit but the value of your mortgage debt would be £190,000.

Loan to Value Mortgage

Consider how much money you can comfortably afford to pay every month, keeping in mind that you still have to cover the daily costs such as electricity, gas, and food.

Home Mover
Home Mover

Building insurance, Moving in and removal costs. Decorating and initial furnishing costs. Stamp duty (Land Transaction Tax or Land and Buildings Transaction Tax)

Loan-to-value

You are not alone. Thousands of new homeowners are in the same exact situation as you, so don’t lose hope.

Mortgages Huddersfield