Taking out a mortgage is one of the biggest financial commitments you can make, because of the amount you borrow and the time you take to repay it.
You may be able to afford the repayments now. But if you borrow a large amount over a long period think what may happen if, for example, your income falls or you lose your job. Or what if interest rates rise and your monthly repayments go up?
Bear in mind that a mortgage is a loan secured against your home, so if you fall behind in your mortgage payments, the bank or building society can sell your home to get back its money.
Download our Guide here: mortgage-affordability.pdf