Aside from endless hours scanning the latest property brochures, a never-ending list of viewings and countless appointments at your local estate agents, there is a whole lot more involved in the successful purchase of a new property. Unfortunately, finding the perfect new home is not all about which house boasts the most elegant ceilings, which kitchen is equipped with top of the range made-to-order cabinets or which garden would give you enough space to build a patio or install a climbing frame. It is, also about money. It’s about how far you can make your budget stretch.
This is most people’s first stop when it comes to sourcing finance for a property purchase. You’ll need to consider how much you think you will be able to comfortably afford on a mortgage every month. Be sure to calculate your budget to accommodate the size of the deposit you are prepared to make and how long you are willing to commit to repayments. Read more about mortgages.
Private Lenders have their own lending criteria and so may offer finance to someone when a bank has refused. It is common for private lenders to specialise so look for a finance company that are experts in property. Make sure to choose a trusted and reliable company. We recommend Hunter Finance based in the South East. Click here to read more about their property development finance options.
Do Your Research
As with any major financial decision, the first step is to seek advice from professionals. Try to find someone with experience in working alongside people in a similar situation to yourself. Getting all the right information right from the start will help you to be more confident in making a successful property based decision for you and your family.
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