In our Sisterly Suggestions we come up with 5 ideas on different topics that can be tough to handle.
In this post we chat mortgages, something that certainly takes alot of hard work, but small steps make a big difference if you are looking to own your own home.
Save
Save every penny you can. This is really important even if you feel getting a mortgage is not achievable at the moment. Start the saving process as every penny will count and it is a great routine to get into.
Borrowing
You can borrow around 4 times the value of your earnings, so if you are on £20k you can borrow £80k. Add this to the money you save and you have an idea of the value house you can look to buy.
Advice
Contact a mortgage adviser, they will help you to figure out how much you can borrow and get you a mortgage in principle. A mortgage in principle is something you need when you put an offer in on a house, basically saying you can afford what you have offered.
Income
Be clever! Work 2 jobs if necessary, this will up your income, meaning you can borrow more.
Work
Get jobs that have permanent contracts and lots of hours guaranteed.