This is a long term option and only possible if you are in permanent employment as you will need a mortgage.

Most households in the UK own their own home, and enjoy the extra security and freedom it brings. Many people have seen their homes increase in value over the years, and very few would choose to go back into rented accommodation.

You should only consider buying if you can realistically afford to. If you fall behind with your mortgage payments you could lose your home.

If you are thinking about buying your own home consider the following:
How much can you afford to borrow?
Are you going to buy with someone else or on your own.
Where do you want to live and what type of property can you afford?
Ensure you keep within your budget.
Remember there are additional costs eg solicitors fees, stamp duty and surveyors.
Can you afford to do any repairs?
If you can’t afford to buy outright at the moment there may be shared ownership or low cost home ownership schemes in the areas of your choice. Ask at your local housing advice centre for more information. Search for such schemes using our availability search.

There are lots of different types of mortgages and you should get advice before chosing the one that is best for you.