Money matters for owner occupiers
Counting the Cost
Here are some of the bills that you'll have to pay regularly if you buy your own home:
- endowment policy (if you have an endowment mortgage)
- building insurance
- contents insurance
- ground rent (if you are a leaseholder)
- council tax
- water rates
- gas, electricity and phone bills
- maintenance and repairs costs. (There are specific arrangements for leaseholders of ex-council properties. People in shared-ownership should contact whomever they have their agreement with: the housing association or us)
- the cost of keeping up the garden (if you have one).
Budgeting: it all adds up
It's really important that you have enough money to meet all your commitments.
Make a list - and work out the weekly or monthly cost of each.
You can get advice on how to deal with your debts from our debt advice team, or take a look at our range of debt advice fact sheets for more hints and tips.
Like more advice?
You can get free, confidential advice from:
- any Citizens Advice Bureau - call 08444 77 10 10 10 to find the one nearest to you
- the Birmingham Consumer Advice Centre: 236 3271.
Problems with debt?
Take a look at our range of debt advice fact sheets - or you can get free and confidential advice from:
- Birmingham City Council's Debt Advice Team: 0121 303 2087
- Birmingham Law Centre: 0121 766 7466
- Consumer Credit Counselling Service: 0800 138 1111
- your local Citizens Advice Bureau: call 08444 77 10 10 10 to find the one nearest to you.
If you are facing repossession due to mortgage arrears you can get free and confidential advice from:
- Birmingham Shelter Housing Aid Centre: 0844 515 1800
- your local Citizens Advice Bureau: call 0121 248 4950 to find the one nearest to you.