When living in London finding a suitable property at a reasonable price can feel like enough of a struggle in itself, never mind sourcing the right mortgage to go with it.
There are four main stages when it comes to finding a mortgage:
Where you can get one; what you need to qualify; how to get the right one and what you need to look out for when you’re finalising the finer details.
It’s important that you wrap your head around the terms and jargon when it comes to mortgage lending but more importantly ensure that you can afford the repayments on a monthly basis. This online mortgage calculator from the Money Advice Service can provide a guide to that.
In addition to that resource, this helpful info graphic contains lots more material for when you’ve found the perfect property and now need to secure that perfect mortgage to accompany it.
Seek out the right mortgage – An infographic by the team at Money Advice Service