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When everyone has a home

Housing advice for Northern Ireland

Paying for a home

Use these calculators to work out where you can make savings and how long it will take you to repay your debts.

Most people need to apply for a mortgage when they’re buying a home. This is a long term loan from a bank or building society. The loan is secured on your home so if you stop paying the bank can repossess the property. You should speak to an independent financial adviser to find out which type of mortgage is best for you.

Наема обикновено само обхваща сумата, наемодателят ви взима за живее в имота. Понякога под наем също така се включват пари за други неща като сметки или поддръжка. Това се нарича цялостен наем.

Whether you own your home or rent it, you need to have contents insurance. Homeowners will also need to have buildings insurance and may have to have life assurance as part of the conditions of their mortgage. Insurance protects you against risk. In return for this cover, you pay a premium to the insurance company. You can usually pay your premiums in a lump sum or in monthly deduction

You will have to pay stamp duty if your new home costs more than £125,000. This calculator from the Money Advice Service will help you figure out how much stamp duty you'll have to pay.

Your rate bill is worked out by multiplying the capital value of your property by the total of the domestic regional rate and the domestic district rate. The regional rate is set by the NI Assembly each year. The district rates are set by each local council.

Use these calculators to work out where you can make savings and how long it will take you to repay your debts.

If you qualify for the Disabled Person's Allowance or the Lone Pensioner Allowance you will get a discount on your rates bill.

If you are on remand awaiting trial, it is usually best that you try holding onto your home. The court may decide to release you or you may serve only a short sentence, so having a home to get back to is very important.

These calculators will help you work out what you can afford to borrow, what your stamp duty will be and how your payments will change if the interest rate increases.   

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