A property to live in is probably the most valuable item you will ever buy. According to the UK’s House Price Index cash sales account for between 30% and 40% of transactions at Great Britain level.
Unless you are fortunate enough to have the whole amount in the bank, you will need to borrow a substantial sum of money in order to purchase your home. This top tip guide from OnTheMarket.com will help you to make the financial arrangements.
1. Financing the purchase
Most buyers will need to arrange a long-term loan in the form of a mortgage, which can be obtained primarily through building societies and banks.
OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.