Low Cost Home Ownership - How much can I borrow?

Most people will need to borrow money in the form of a mortgage to fund their part-purchase of a property.  Mortgage lenders will be able to give you advice on the different types of mortgages that are available and the interest rates that will be fixed to the repayments.

The simplest calculation to do to discover how much you are likely to be able to borrow is the following;

Single Income x 3
Joint Income x 2.5

It may be useful to get some basic quotes from mortage lenders websites. Most of these will have a simple mortgage calculator for you to use to obtain a quote. Some of these sites are listed below; 

Bristol and West Building Society

HSBC Bank

Halifax Bank