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The House Buying Process
How much can I borrow?
The first thing you need to consider when buying a property is how much you can borrow. Using traditional income multiples, this typically amounts to around 3.5 x a single salary, or – if you are buying with someone else – 2.75 x joint salaries.
However, some specialist mortgages will now allow you to borrow more than this. An increasing number of lenders are now also ditching income multiples in favour of 'affordability criteria'. This takes into account all your usual monthly expenses and assesses whether what remains is enough to support your mortgage repayments.
We have teamed up with Bradford & Bingley, which – in addition to its own mortgage products – offers a range from more than 25 other lenders. It can also negotiate exclusive deals with enhanced benefits on your behalf. Click here to make contact.
Graduate Network Ltd has designed a mortgage for groups of two to four people who want to buy together. To find out more, click here.
If you are buying alone but want to rent out a room in your property to help with the cost of the mortgage, the first £4,250 you receive in rental payments is exempt from tax. Visit HM Revenue and Customs (formerly the Inland Revenue) for full details.
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 FirstRungNow has been set up to help first time buyers.
With prices so high in the UK, many need to be shown what the financing and ownership options are. FirstRungNow is the place to go.
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See if you're are eligible for helping first time buyers onto the property ladder?
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Buy a share of a property, and pay rent on the rest to make it affordable.
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When most people purchase their first home, they borrow the money from a lender and take out a mortgage. They usually, but not always, put a lump sum of money towards the purchase too...
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