If you need a loan to buy a home, this is called a mortgage or secured loan.

Get mortgage advice before you buy to work out:

• what you can afford to borrow

• which mortgage is right for you

Check how much you can borrow

The amount you can borrow depends on things like:

• your credit score

• your income and outgoings

• the value of the home you want to buy

Use the MoneyHelper mortgage calculator to estimate how much you could borrow.

If you’re on a low income, there are government schemes that can help you buy a home.

Saving a deposit

Most mortgage lenders do not lend 100% of the value of the property. You’ll need to pay some of the cost yourself with a deposit.

You'll usually need at least 5% to 10% of the value of the home you want to buy. You could get a better interest rate if you have a bigger deposit.

To work out what you can save, use the MoneySavingExpert deposit calculator.

Getting a mortgage agreement in principle

Before making an offer on a home, apply for a mortgage agreement in principle.

This is a statement from a lender that says how much they're willing to lend you. It's used to show that you can afford the home you want to purchase.

Get advice on your mortgage options

Mortgages have different conditions, including:

• the interest rate

• the mortgage term, which is how long you'll take to pay it off

• fees and penalties for things like switching mortgages or paying the mortgage off early

Get advice before applying for a mortgage. A mortgage adviser, broker or registered lender can help you:

• work out how much you can borrow

• decide which mortgage product is right for you

• get a mortgage agreement in principle before making an offer

• apply for a mortgage if your offer is accepted

Search online for mortgage advisers in your local area. Check MoneyHelper's advice on finding a mortgage adviser.

Anyone selling mortgages must be registered with the Financial Conduct Authority. Check if a broker or lender is registered by searching on the Financial Services Register.

Getting a joint mortgage

You can get a joint mortgage if you're buying a home with someone else. You do not have to be in a relationship to get a joint mortgage.

You'll be equally liable for mortgage repayments. This means if one of you cannot pay your share, the other person must pay the full amount.

You both need to agree to any mortgage terms changes.