Now that they know what their room for manoeuvre is, they start looking for a suitable property. After spending weeks looking at property ads and websites, they fall in love with a garden-level flat within walking distance of their jobs. Right from the first visit, the flat won their hearts: its space, brightness and beautiful terrace are advantages not to be overlooked. Given these features, this flat seems to be a good option for a first-time buyer.
But the excitement of finding the perfect flat soon gives way to questions about the complex world of mortgages. With student loans and early-career salaries, home ownership can be a headache.
When researching different mortgage options, terms such as "fixed rate", "variable rate" and "personal contribution" start to get mixed up and need some clarification. Julie and Charel even double-check the feasibility of their plans using the online simulator.