Most prospective buyers know how much they can borrow, but how much should you borrow?
Banks will often be happy to lend buyers an eye-watering amount of money, right at the top of what they can afford, but that doesn't mean buyers will be happy once those repayments kick in.
Not mention five years down the line, when interest rates aren't as low as they once were, and wages aren't increasing at the same rate.
So how can people actually work out their own borrowing limit - one that allows for the odd night out or weekend away?
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
