If you have any other questions, please feel free to get in touch.
You will need a minimum of 5% deposit. The more deposit you can put in, the better the interest rates will be.
No, not at all. A credit card helps to build your credit score if you keep on top of your payments.
It is a requirement on your mortgage to have buildings insurance. It is also a good idea to take out contents insurance as this will protect all of your belongings inside the home from furniture, technology to jewellery. It is also important to think about other protection to cover payments in the event of death, injury or too ill.
Shared Ownership is usually where you part-buy or part-rent a property. You purchase a share of the property which is normally between 25% and 75% with a mortgage. You then pay rent to the landlords (housing association) on the percentage they own.
A fixed rate mortgage means your monthly payments and interest rate will stay the same during your agreed term, usually 2 or 5 years.
A variable rate mortgage means your payments will move in line with market rates, so your payments could go up and down.
