When buying your first property, there is a huge amount of information to get your head around. From finding a property you want to buy in the first place to working out how much money you have to spend on the property, and what impact the various taxes and other charges such as legal fees will have on your budget, to sorting out a mortgage, there is a huge amount of work to be done when it comes to buying a property.
Some people compare the process of trying to get a new job to being a full-time job in itself: likewise the process of finding the dream home and buying it can be equally daunting and time-consuming.
We hope you find the articles on various aspects of the home-buying process at My First Property both informative and useful. In time we hope to add a range of tools that will help you with understanding various parts of the house buying process.
Stamp Duty Calculator
Our first tool is a Stamp Duty Calculator
- you can use this to quickly work out how much stamp duty you will need to pay on a property just by entering the purchase price.
Mortgage Repayments Calculator
Our second tool is a Mortgage Payments Calculator
. You can use this tool to get an indication of what your monthly repayments are likely to be under a repayment and an interest-only mortgage. You'll need to enter the mortgage amount you want to borrow, the interest rate and the number of years over which you'll repay the loan, and our calculator will do the rest.