Budgeting Your Costs
Most people get property loans from banks or building societies.
Traditionally, banks loaned 2.5 times the main wage earner's salary plus the second salary (if applicable). With falling property prices, that guideline has been revised, and it is important to check with your bank how much they are prepared to lend you.
It is essential to factor in Legal Fees and Stamp Duty.
Malcomson Law can help you work out an accurate estimate of costs before you decide on any purchase.
Seeking Property Law Advice
For further information, please contact Malcomson Law by calling 01 8744422 or by filling out an Online Enquiry Form.