Frequently Asked Questions

The minimum you will need is 5%. The more deposit you put in the better interest rate you can get. 

During our initial conversation, we will work out how much you can borrow and put a plan together to guide you to home ownership.

Stamp Duty is the tax payable when purchasing a property, the amount you pay will be based on purchase price.

When you speak with us, we will work out how much Stamp Duty will be payable, if any.

An agreement in principle, also known as a decision in principle will provide you an initial agreement on how much you can borrow. 

Freehold

Most houses are freehold. If you have a freehold contract, you own the property and the land outright, meaning that you are responsible for its upkeep. 

Leasehold

Most flats are leasehold. If you have a leasehold contract, this means that you do not own the land the property is built on and instead lease it from the freeholder for a set number of years. You may also have to pay an annual ground-rent and service charge to the freeholder to cover any property maintenance costs and insurance.