The Motley Fool has 5 of the worst mistakes you’re likely to make when buying your new home. The UK housing market is wobbling at the moment, due at least in part to 5 interest rate rises since August 2006. Cliff D’Arcy at the ‘Fool has identified a few traps for would-be homeowners.
Here are the one-liner tips:
- Buying in the ‘wrong’ area
- Not putting down a deposit
- Borrowing too many times your salary
- Choosing the ‘wrong’ mortgage
- Buying at the top of the market
Read more at the Motley Fool website here
Send This Page To A Friend
All pretty sensible advice. First time buyers especially are borrowing far too much! Once Gordon raises interest rates agin I think a lot of people will be struggling to meet their payments.