Following the recent budget announcement we have received a high volume of Right to Buy applications which we are currently processing. We will contact all applicants, in order of receipt, as quickly as possible.
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Home Purchase Grant
We offer a one-off lump sum to eligible Southwark tenants to help them buy a home. Check eligibility and how to apply.
Contents
Financing your purchase
Buying a home is one of the most significant investments most people will ever make.
It comes with a mix of excitement and important considerations.
It's essential that you understand costs, affordability and finance options early on, before you get too far into the grant and home buying process.
Understand costs
Familiarise yourself with all the costs involved in homeownership, including:
- the purchase price
- property taxes
- insurance
- maintenance
- fees
This will help you budget effectively.
Arranging your financing
You're responsible for arranging your financing. This means:
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exploring mortgage options
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understanding interest rates
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determining how much you can afford based on your financial situation
Professional advice
If you're unsure about financing options, or need help with budgeting, consider using a financial adviser or mortgage broker.
They can provide valuable insights tailored to your circumstances.