Understanding mortgages
If you understand a little bit about mortgages then applying for one will seem a little less daunting.
Most mortgage lenders will ask you to put down a deposit, which is worked out as a percentage cost of the property.
If you are buying your home on your own, lenders will generally lend you up to three to four times your salary. If you are buying with someone else and apply for a joint mortgage, they may lend up to three times the income of the higher earner plus the total second income, or maybe up to two and a half times the total joint income.
Other things to think about are interest rates and the extra costs and risks involved.