Loncor Property Solutions

Home Buying Made Simple: Tips, Tools, and Real‑World Guides

Thinking about buying a house can feel like stepping into a maze. You’re juggling budgets, agents, mortgages, and a never‑ending list of questions. The good news? You don’t have to figure it all out on your own. Below you’ll find straight‑forward advice that cuts the fluff and gets you closer to the front door.

Know Your Budget Before You Look

Start with the numbers you actually earn. Use a calculator that factors in your salary, existing debts, and the typical 4‑to‑5‑times‑income rule lenders use. For example, if you earn £36,000 a year, you’ll likely qualify for a home around £150,000‑£180,000 with a 10‑percent deposit. Remember to add the hidden costs: stamp duty, legal fees, and moving expenses. A realistic budget stops you from falling in love with a house you can’t afford and helps you move faster when you find the right one.

Choose the Right Agent and Property

Not every estate agent is created equal. Look for someone who knows the neighbourhood, provides clear fee breakdowns, and is willing to answer your questions without jargon. Our checklist article "How to Choose a Good Estate Agent" walks you through interview questions and red flags to watch for. Once you have an agent you trust, focus on what matters: location, transport links, and the condition of the building. A property that needs major repairs can quickly eat up your budget.

Below are some of our most popular guides that dive deeper into each step of the home‑buying journey. Click on the titles that match your current challenge.

  • How Much House Can I Afford on $36,000 a Year? 2025 Guide with Real Numbers – Breaks down the exact math lenders use and shows you realistic price ranges.
  • House Affordability on a $100K Salary: How Much Can You Really Buy? – Shows the numbers for higher earners and how to maximise your deposit.
  • Credit Score Needed to Buy a $600k Home – Explains the score you need and quick tips to boost it before you apply.
  • What Credit Score is Needed to Buy a House? – A quick reference for first‑time buyers of all income levels.
  • Buying a House With No Money Down: Smart or Risky Move in 2025? – Weighs the pros and cons of zero‑deposit options.
  • Virginia Down Payment Assistance – Details state programs that can shave thousands off your upfront costs.

Use these guides as a toolbox. Read the one that fits your situation, apply the tips, and you’ll move from “just looking” to “ready to buy” faster.

Bottom line: know your numbers, pick an agent who listens, and take advantage of the free resources we offer. Home buying doesn’t have to be a mystery—follow the steps, stay realistic, and you’ll get the keys sooner than you think.

14 May

Shared Equity Agreements: Are They Really a Good Idea?

Shared Ownership

Shared Equity Agreements: Are They Really a Good Idea?

Shared equity agreements can seem like the perfect shortcut to owning a home when prices feel totally out of reach. This article breaks down how these agreements work, who they actually help, and the pros and cons you probably won’t hear from the sales pitch. Get familiar with the risks, real-life costs, and what to watch for if this path seems like your best shot at getting your own place. Useful tips and facts will help you decide if shared equity is a smart move, or just another flashy idea with big catches.

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19 Apr

How Much Do Most First Time Home Buyers Put Down? Real Numbers & Smart Tips

First Time Buyer

How Much Do Most First Time Home Buyers Put Down? Real Numbers & Smart Tips

First-time home buyers often wonder how much money they should put down when buying a house. This article breaks down the real numbers, looks at national averages, and explains why you might not need the traditional 20%. We’ll cover popular programs, what affects your down payment, and give simple tips to help you save more. Whether you’re close to buying or just checking your options, you’ll get practical advice—not just theory. No jargon, just clear info to ease your first big purchase.

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9 Mar

Credit Score Needed for Buying a $2 Million House: What You Should Know

First Time Buyer

Credit Score Needed for Buying a $2 Million House: What You Should Know

Buying a $2 million home may seem daunting, especially for first-time buyers, but understanding your credit score is a crucial step. To secure a mortgage for such a property, a strong credit score significantly enhances your chances, typically aiming for above 740. Besides, knowing how your score impacts interest rates, what lenders specifically look for, and the intricacies of closing costs can make a big difference in your journey to homeownership.

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5 Feb

Discovering Shared Ownership: A Guide to Finding Your Share in Property

Shared Ownership

Discovering Shared Ownership: A Guide to Finding Your Share in Property

Shared ownership offers an affordable way to step onto the property ladder by allowing buyers to purchase a share of a home and pay rent on the rest. This approach makes housing accessible for those who cannot afford full property prices. The process involves evaluating financial eligibility, finding suitable properties, and understanding the long-term implications. Discover the ins and outs of shared ownership to determine if it's the right path for your homeownership journey.

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26 Jan

What People Truly Seek in a Local Real Estate Agent

Estate Agents

What People Truly Seek in a Local Real Estate Agent

Finding the right real estate agent is crucial in the home buying or selling process. People seek agents who possess excellent communication skills, a deep understanding of the local market, and a reputation for honesty and integrity. They also value agents who are easily accessible and provide personalized attention. This article explores the key traits and qualities people desire in real estate professionals to ensure a smooth property transaction experience.

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30 Nov

Credit Score Requirements for Buying a $250,000 Home

First Time Buyer

Credit Score Requirements for Buying a $250,000 Home

Buying a home is a significant milestone and understanding the credit score needed for purchasing a $250,000 house can ease the process. A good credit score opens up better mortgage options and lower interest rates. This article explores the credit score requirements, tips for improving your score, and various loan options for first-time buyers. It also provides insights into how different scores can affect your mortgage eligibility.

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