The property market is growing at a fast rate, according to recent reports Bristol is the fastest growing rate in the country, so there’s never been a better time to get onto the housing ladder.
However, the terminology associated with buying and selling a home is sometimes a little confusing, especially for those who are looking for their first home. The difference between base rates and capped rates, and bridging finance and mortgage offer, is worth knowing.
The infographic below can give you more confidence when exploring the offers that are available to you. It will help when reading through relevant literature on the housing market for first time buyers in the south-west; when talking with solicitors, lenders and brokers; and when analysing the terms of your mortgage before finally signing on the dotted line!
