First Time Buyers

Today I’ve been looking at properties for the First time buyers, getting on the property ladder is certainly not easy, but with 2 good incomes this can easily be achieved. So I’ve put together a small guide to help those thinking of making the big leap into home ownership.

1. One Bedroom house

This home costing £230,000 would need a deposit of £23,000, so over 25 years at an interest rate of 2.4% would cost £919 per month

2. One bedroom end of terraced home

This home costing £10,000 more than the first one, with a 10% deposit of £24,000 would cost £959 per month over the 25 years at 2.4%

3. Two Bedroom terraced home

Finally I have chosen this Two bedroom home, with a 10% deposit of £28,000 the mortgage over 25 years at 2.4% would be costing around £1,118 per month,

I hope that helps people to understand the price that you’d expect to pay.

Good luck with your house hunting!!!!