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Buying a home is the largest purchase you’re likely to make. Getting onto the property ladder can be a big step.

 

If you’re a first-time buyer, you need to save for a deposit before looking at properties. Generally, you need to try to save at least 5% to 20% of the cost of the home you would like. Saving more than 5% will give you access to a wider range of cheaper mortgages available on the market. As a first-time home buyer, the most important thing to bear in mind is whether you can really afford to take this step. It’s wise to put together a budget before you start looking for a property. There are now also strict checks when you apply for a mortgage.