How much can you spend?
Once you know how much of a mortgage you can get, and include any savings you may have, you have a broad idea of how much you can afford to spend on a home. However, don’t forget to consider the costs involved in buying a home, such as:
- Valuation Fee, home lenders fee, building survey fee
- High Lending Fee
- Legal Expenses
- Stamp Duty
- Registration Expenses
- Removal Expenses
AND your normal monthly living expenses, including council tax costs (which may be different to your current level).