Financial advice for new home buyers

Conor Power offers financial advice on the current mortgage market for those planning to buy a new home

Good time to buy: Compared to six or seven years ago, lending policies from banks and mortgage companies have become relaxed. Picture: iStock

During the earlier years of of a mortgage, the majority of what you pay every month is composed of interest but as time goes on, an increasing proportion of the repayments goes towards paying off the principal.

How much can I borrow?