Home Buyers


When it comes to buying property, or most anything else, there is a decision process that is normally gone through. Consequently, to arrive at a decision there are always a number of criteria which must be considered. Quite often the criteria boundaries become confused when buying a property to live in or for investment purposes. The following list will give you some pointers as to where the major criteria should be placed.

To Live In

  • Put down a large sum of money. (deposit)
  • Borrow as little as possible-Bad debt:-(you pay tax before you pay off the interest).
  • Get the lowest Principal and Interest loan available. Don’t be afraid to shop around.
  • When possible, pay extra off the principal to reduce your home mortgage sooner.
  • Use your own personal preferences and taste to select the style of your home (emotions).
  • Buy a property in an area that you like and meets your personal requirements (emotions).

For Investment

  • Usually no deposit by using the equity in your home.
  • Borrow as much as you can, include all set up charges-Good debt:- (the taxman could pay you before you pay the bank).
  • Get an investment loan. Fixed interest only for the first few years. Use a Mortgage Broker for the best options.
  • Use other people’s money. Rental income and legitimate tax credits to pay the investment loan.
  • Use common sense, research and capital growth forecasts to choose the property (eliminate the emotions).
  • Buy a property in an area of predicted high population and capital growth and good rental demand(eliminate emotions).
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