The questioned asked by every first time buyer is when is the right time to buy.

Buying a first house (home) is never an easy decision to make unless you have a pot of cash (you do not have to get a mortgage).  Chances are you wont be reading this!

The main information providers on mortgages and house prices generally shy away of explaining how to get and secure your mortgage they are more interested in selling their products and explaining how the repayments work.

Default on the repayments and you’ll be at square one on the property ladder.  The two critical factors when buying your first home is

a) affordable (do not borrow more than you can repay) This is a tricky one because common sense doesn’t always kick in and the markets can mean common sense was thrown out of the widow.

b) don’t let the estate agent sell you the house, you sell it to yourself and ask the all important question – would i buy this house if I was selling it in 2 years time.

You have to be able to sell the house at some point in the future.