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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
TBC
Finance FAQs
What is the Help to Buy scheme?

Help to Buy is a government-funded scheme that allows you 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
Verve
Two-five bedroom homes in Castleford
Temptation development strata
Temptation
Four-five bedroom homes in Burton on Trent
Rhythm Development Strata
Rhythm
Three-four bedroom homes in Pontefract
Finesse development strata
Finesse
Three-five bedroom homes in Leeds
encore development strata
Encore
Four-five bedroom homes in Brizlincote
Esteem development Strata
Esteem
Three-five bedroom homes in Dishforth
Attraction Development Strata
Attraction
Four bedroom homes in Hull
360 new homes by strata
360
Four & five bedroom homes in Chesterfield
Radiance development strata
Radiance
Four-five bedroom homes in Shepshed
Lavish development strata
Lavish
Four-five bedroom homes in Micklefield
Kudos development strata
Kudos
Four-five bedroom homes in Leeds
Elegance development strata
Elegance
Three-five bedroom homes in Pontefract
Belong development strata
Belong
Four bedroom homes in Eckington
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