Types of Mortgages

• Fixed-Rate Mortgages: Provide stability with fixed payments over a set term, ideal for predictable budgeting.
• Variable-Rate Mortgages: Payments fluctuate with changes in interest rates, including tracker mortgages linked to the Bank of England base rate.
• Interest-Only Mortgages: Pay only the interest each month, with the principal due at the end. Less common and riskier.
• Buy-to-Let Mortgages: For purchasing rental properties, often requiring a larger deposit and specific criteria.

Legal and Additional Costs

• Legal Fees: You’ll need a solicitor or conveyancer to handle the legal aspects of purchasing a property.
• Valuation Fees: Lenders require a property valuation to ensure it’s worth the amount you’re borrowing.
• Stamp Duty: Based on the property price, you may need to pay Stamp Duty Land Tax. First-time buyers may be eligible for relief or exemptions.

Local Property Trends

• Popular Areas: Consider neighborhoods like the town center, West Worthing, and Goring, each with different characteristics and price points.
• Investment Potential: Worthing’s coastal location and growing economy make it an attractive area for property investment.

• Town Centre – Central location with access to shops, restaurants, and transport links.
• West Worthing – Known for its residential charm and proximity to the seafront.
• Goring-by-Sea – Offers a quieter, suburban feel with good local amenities and beaches.
• Broadwater – Features a mix of traditional and modern housing with local services.
• Findon – A picturesque village on the outskirts, offering a more rural atmosphere.
• Durrington – Provides a range of housing options and good access to schools and parks.
• East Worthing – Known for its more affordable housing and community feel.
• Tarring – Offers a blend of historic and modern properties with local conveniences.