5 Tips to prepare for your property purchase


In a nutshell

  • How much you can borrow will depend on an affordability assessment. Being in control of your spending improves your chances of getting approved. 
  • The bigger your deposit, the more affordable your mortgage will be. 
  • Shop around and compare offers before you commit to a mortgage. 
  • Before you apply for a mortgage, it’s worth checking your credit score, and trying to improve it if possible.

Getting a mortgage could be one of the biggest financial decisions that you have to make, so it’s important you do it correctly.

With Bunce, we will help you on to the property ladder using our crowd investors, however there is also other options out there to suit most peoples requirements but consider these the 5 tips to prepare for your property purchase:

  • Be in your best financial shape – make sure your credit score is as good as it possible can be.
  • Understand the various costs – from survey fees, legal fees, mortgage processing fees, land registry fees, to stamp duty, there is a range of fees you need to consider.
  • Know which mortgage or deal is right for you – understand the differences between repayment and interest only mortgages, and fixed vs variable rate mortgages.
  • Consider help through a government scheme or Bunce – struggling to save for a deposit? There are various government schemes to help you get on the property ladder or the other simpler option is through Bunce.
  • Consider a mortgage broker- working with an independent broker can help ease the uncertainties.

Your Capital is at Risk:

Investing in property involves risk. The value of your investment can go down as well as up and historic performance is not a guide for future performance. Any projections of future performance are based on all information known at the time of share investment or loan, and internal calculations and opinions of Bunce Crowd. These are subject to change and are not guarantees and should not be relied upon as such. Risks include the total loss of your share investment or loan, variable rental income due to property not being rented or a depressed rental market, and inability to sell your share investment or loan due to lack of a buyer.

Neither Bunce Crowd Limited nor any of their affiliates or group companies provides any advice or recommendations in relation to this website. If you have any doubt about the suitability of any investment marketed by Bunce Crowd Limited, or you require financial advice, you should seek a personal recommendation from an appropriately qualified financial advisor that does give advice.

Investments are only available to certain specified persons who are sufficiently sophisticated to understand the risks. Investments in property and unlisted shares carry risk, you may not receive the anticipated returns and your capital is at risk. Bunce Crowd is not covered by the Financial Services Compensation Scheme. Please refer to the Risks warning page of this site for a more comprehensive description of the risks involved.

Please refer to the Risks warning page of this site for a more comprehensive description of the risks involved.

We're still getting everything ready!

As we're yet to launch, our investor and buyer platforms aren't live yet! However you can pre-apply for an account when we launch!

Homebuyer Account | Investor Account