Hi all.
Looking for a little advice. I would like to get my foot on the property ladder and have found a property selling for £25000. I have £2500 deposit and wondered, well a couple of things really,
a) what type of morgage is best?
b) Is it better to take it out over less time and pay higher repayments? (my salary is £25942 and i am currently paying £450 rent so could afford that and probably more-i have no credit cards, loan repayments)
c) Would it be better to take out a loan for £25000 instead?
Any advice on any of the above would be most appreciated. Thank you in advance!! :)
Looking for a little advice. I would like to get my foot on the property ladder and have found a property selling for £25000. I have £2500 deposit and wondered, well a couple of things really,
a) what type of morgage is best?
b) Is it better to take it out over less time and pay higher repayments? (my salary is £25942 and i am currently paying £450 rent so could afford that and probably more-i have no credit cards, loan repayments)
c) Would it be better to take out a loan for £25000 instead?
Any advice on any of the above would be most appreciated. Thank you in advance!! :)