He noted running a home is expensive and the biggest purchase most people will ever make, so it is worth being sure on expenses before committing to it.
One way to make such a move more affordable may be to secure a switch of energy supplier and enjoy cheaper rates with an alternative provider.
Commenting on the mortgage, the expert said: "Do the sums to make sure that you are getting the best deal on the rates side as well as the fees side."
The Council for Mortgage Lenders recently reported gross mortgage lending shrunk by 14 per cent in August compared with July.
Posted by Anne Yevel
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