If you’re considering buying a home it’s really important to get to grips with the property market in your local area – speaking to an estate agent can help with this. The most important thing to consider when you buy a property is whether you can afford the mortgage both now and in the future. It’s important to make sure you would still be able to afford it if circumstances changed, if for example you were to take a cut in income, were unable to work, or interest rates went up. For many buyers high house prices can make saving for deposit feel like a struggle. Lower prices would make it a little easier for first time buyers to get together the deposit they need, but if prices fall only slightly it will still be tough. But, there are options available to you which may bring the size of the deposit you need down. Shared equity and shared ownership schemes can allow you to purchase a home without saving up a large deposit. There are also a growing number of mortgages where parents can help first time buyers such as guarantor mortgages and family offset mortgages. Every situation is different, call us on 0800 316 4071 and speak to one of our advisers about your circumstances and get advice completely tailored to your needs.