Paying for your home
Unless you have the money to buy your home straight away you will need to take out a mortgage, a loan secured against your property.
You repay the loan with interest over a fixed length of time agree with your lender. You can get a mortgage from a building society or a bank. We do not give out mortgages.
How much money can I borrow
The amount of money you borrow depends on the value of your home, less the discount and any cash you can put towards buying the property.
The amount of mortgage granted is normally based on your annual salary.
Think carefully before you get a mortgage
A mortgage can be a big financial responsibility and interest rates can go up very quickly over a short period of time.
If you cannot keep up the payments because you are ill or unemployed, you can ask your lender to increase the loan period and reduce your monthly payments.
If you still cannot make the payments the lender can take you to court to get the property back from you.
Your family's right to buy
You can buy the property with anyone in your family who is a joint tenant. You can buy the property with up to three members of your family who are not joint tenants if the property is their main home.
Anyone (except your husband or wife) who is buying the property must have lived with you for 12 months before you apply to buy.