Mortgage Costs

Although working out whether you can afford the one-off costs of buying (and selling, if you have to do that too) is absolutely crucial, so is checking that you will be able to meet the ongoing monthly cost of home ownership. it is important not to overstretch yourself financially and take on a larger mortgage than you can afford to pay, as you run the risk of losing your home.

To give you an idea of what your mortgage repayments will be, the table below gives the monthly cost, for different sizes of loan, of a fixed interest mortgage paid back over 25 years.