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Managing my money
Managing my money

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Week 6: Housing and the household balance sheet

Introduction

Property as a home and as an investment. Buying a property – mortgage products. What are the total costs of buying? How do you repay your mortgage? Freehold and leasehold properties – what’s the difference?

More so than in many other countries, the health of the UK property market is of pivotal importance to the health of the overall economy. This week you’ll be exploring how the UK property market and the associated market in mortgages work. You’ll see how both housing and mortgages fit into the household balance sheet and you’ll complete this as part of your fact find. You’ll also get a link to a mortgage calculator to enable you to look into the cost of a mortgage.

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This course is presented with the kind support of True Potential LLP.

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin) is a pioneering Centre of Excellence for research in the development of personal financial capabilities. The establishment and activities of True Potential PUFin have been made possible thanks to the generous support of True Potential LLP, which has committed to a five-year programme of financial support for the Centre totalling £1.4 million.