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how much can i afford
How much can i afford?
It's important to understand how much you can afford, so you can budget and save for your new home.
It's important to understand how much you can afford, so you can budget and save for your new home.
how much can you afford

Understanding what you can afford

Whether you’re buying a first home or upgrading to a new one, the costs involved with the purchase and the running costs after moving in can come as a surprise. Understanding what you can afford and how much you need to save will help you to achieve your dream home.

How much can I afford

Top tips for buying a new home

View all insights
House Buying Options Explained: What The Experts Say
A Simple Guide to Shared Ownership
Your Guide to Buying a House: All You Need to Know
How To Save a Healthy Deposit While Renting
The Benefits of Part Exchanging Your Home
Finance FAQs
What is the Help to Buy scheme?

Help to Buy is a government-funded scheme that allows first time buyers to buy a new build home with 5% cash deposit and a 75% mortgage from a commercial lender. The remaining 20% is borrowed from the government and is interest free for the first five years.

What is a deposit calculator?

Our deposit calculator can give you an idea of how much deposit you will need to save to buy your new home, as well as how much your mortgage repayments will be, based on various factors such as the term of your loan and its interest rate.

What is a mortgage in principle?

A mortgage in principle is when a lender will say that, if all your financial and personal information is accurate, they would be willing to lend you the money you need to buy a new home. A mortgage in principle can usually be drawn up in 24 hours and will generally last between three and six months. You will need to check with your lender exactly how long yours will be valid for.

Do I need a mortgage in principle?

Not every house purchase requires a mortgage in principle, but it can be reassuring to have one, especially if your new home might not be completed for several months. A formal mortgage offer might have expired by the time your home is ready.

Can I increase my mortgage or take out an additional loan?
You must have any further loans or mortgage advances approved by the Post Sales Help to Buy Agent.
How does Part Exchange work?
Strata will buy your existing home, freeing you to buy your new one without a chain.

Our collection of new homes

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Verve development strata
Three to five bedroom homes in Castleford, WF10
Temptation development strata
Four to five bedroom homes in Burton on Trent, DE14
Rhythm Development Strata
Three to four bedroom homes in Pontefract, WF8
Finesse development strata
Two to five bedroom homes in East Leeds, LS14
encore development strata
Four to five bedroom homes in Brizlincote, Burton on Trent, DE15
Esteem development Strata
Two to five bedroom homes in Dishforth, Harrogate, YO7
Attraction Development Strata
Four bedroom homes in Kingswood, Hull, HU7
360 new homes by strata
Four to five bedroom homes in Chesterfield, S41
Radiance development strata
Four to five bedroom homes in Shepshed, Leicestershire, LE12
Lavish development strata
Four to five bedroom homes in Micklefield, East Leeds, LS25
Kudos development strata
Two to four bedroom homes in East Leeds, LS14
Elegance development strata
Three to five bedroom homes in Ackworth, WF7
Belong development strata
Four bedroom homes in Eckington, S21
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