Step 1 of 5

Work out what you can afford

Ready to start looking? It’s time to work out what you can afford. From saving for a deposit to working out your mortgage eligibility (that’s how much you can borrow), we’ll guide you through the process.

Saving for a deposit

You’ll need a cash deposit to cover between 5% and 20% of the purchase price for your new home. So how do you start saving?

Calculating costs

From mortgage and solicitor fees to surveys and stamp duty, the fees involved in buying a home quickly add up. We’ll take you through what to expect along the way.

Working out stamp duty

Stamp duty is a tax you pay when buying a property in England or Northern Ireland and it changes depending on the property price. Here’s how it’s calculated.

Buying schemes

There are several government schemes out there to help you step onto the property ladder. From Help to Buy Equity Loans to Shared Ownership, we’ve got the lowdown.

  • What is Right to Buy?

    Right to Buy is a government scheme that offers council and housing association tenants help to buy the home they are renting. 

  • Which first time buyer scheme is right for you?

    There are lots of schemes to help first-time buyers get on the property ladder. But how can you know which is right for you? We take a look at all the first time buyer schemes and break down the pros and cons of each.

  • What is Help to Buy?

    From how it all works to the types of home it can help you buy, here's what you need to know about Help to Buy.

  • What is Deposit Unlock?

    Keen to buy a new build home but struggling to get a deposit together? Deposit Unlock could be the scheme for you. Here’s everything you need to know.

  • What is the mortgage guarantee scheme?

    95% mortgages are now widely available from major banks and building societies, meaning you don’t have to save up such a big deposit to buy your own home.

  • What is Help to Save?

    Help to Save is a government-backed savings account with benefits: you can earn a bonus of 50p for every £1 you save over four years.

  • What is a Lifetime ISA?

    A Lifetime ISA is an ISA with benefits. You can save up to £4,000 a year with one and the government will chip in an extra 25%. That’s up to £1,000, for free. 

Understanding mortgages

Fixed rate or flexible? There’s a lot of jargon out there around mortgages. We’ll take you through what it all means so you can choose the best type of deal for you.