Exactly just How getting a home loan works if you’re a first-time customer

Exactly just How getting a home loan works if you’re a first-time customer

If you’re a first-time customer, you may possibly have spent recent years years saving for the deposit to acquire from the home ladder.

If that’s the case, the step that is next to learn simply how much it is possible to borrow therefore you’ll have actually a far better concept of the sort of home you are able to manage to purchase once you begin shopping for very first house.

The common first-time buyer is 30 years-old, relating to British Finance information, 2018.

First-time buyer’s deposit

Your deposit may be the sum of money you’ve conserved up to place to your very first house and it also may help decide how much afterward you want to borrow as home financing.

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