TIPS FOR BUYING ALONE

22 February 2010

Buying alone can seem a daunting prospect, but it needn’t be. The race to take that first step on to the property ladder is fiercer than ever, and buying after separating from a partner can pose even bigger challenges. As prices continue to rise and you may not wish to wait until you have somebody to buy with to make your move onto the market. There are plenty of options for lone buyers and comfort to be taken in an increase in this style of buying.

Financial packages can vary vastly; the good news is there are plenty of competitive lenders catering for single buyers. Shared equity housing may be an option, where you own a percentage of the house and a housing association owns the rest. There are a range of mortgages to suit a range of requirements and situations including interest only mortgages when, perhaps, you expect your circumstances to improve regarding your income.