Mortgage budget

THE SUNDAY TELEGRAPH - 3RD MARCH 2002

When you are planning your budget, you will have other expenses, so you will have to factor them in when you are working out how much you can afford to pay for the property.

Payment protection: This may be worth considering if you are worried about losing your job or being unable to earn money through ill-health. However, be extra careful to ensure you meet the terms of the policy. The self-employed and those on short-term contracts will find it difficult to find cover. Again, do not necessarily buy from your lender but shop around for a good deal from a broker such as Burgesses.

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