A house is the biggest purchase most of us will make, so do make sure that you can afford the place where you will be living? Try using this simple Checklist below to give you a good idea of exactly how much you can afford to spend on a mortgage? Spending too much on a home could leave you with very little for anything else.
Credit cards and other loans
Contribution to a pension fund
Other rental/HP agreements
Household protection insurance
Dry cleaning and Washing
Telephone (including mobile)
Life assurance and protection products
Children's education (Meals, Uniform, Trips or Nursery fees)
Gym or leisure club membership
Pets (food, Vet bills)
Socialising (Smoking, Drinking, Restaurants, Cinema)
Estimated Mortgage Amount
Always remember, a mortgage is one of the longest term loans you will probably have in your life. So proceed carefully, take your time to find the mortgage that suits you the best. If you are unsure then do find help from a professional broker. Thank you for reading I hope you found this guide informative. Good luck in your search for you new home.