Rosie Murray-West writes an interesting article in today's Telegraph giving useful advice to would-be first time-buyers.
She comments that first-time buyers will have to ask themselves some serious questions before they take the great leap into property ownership. Analysts have comment that the falling property market has yet to find its floor (see our blog 7th April). Although interest rates are currently at historic lows, potential buyers will have to be very careful about taking on a mortgage when repayments could potentially increase.
Moving from renting to buying can bring surprises, including hidden costs and unexpected responsibilities. Make sure that you have thought these through carefully before signing on the dotted line.