What costs are associated with buying a home?
In addition to the initial costs such as legal and valuation fees and mortgage administration fees you need to prepare to pay for monthly outgoings you probably never had before or proving more expensive than the last property you owned.These will include: • The mortgage payment • Buildings and Contents Insurance • Life Insurance • Property taxes • TV licence • Electricity • Gas • Oil • Phone bills • Utilities If you dont budget for them correctly you may get a financial surprise later. Estimate realistically what your expected outlay will be each month use the Budget Planner supplied within our website to help you. Overestimate rather than underestimate everything and you will have a good idea of what you can afford. Putting the time into calculating your monthly financial outgoings at an early stage can make life a lot easier in the long run.
