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Assets and liabilities – Case Study

[table caption=”TABULATED EXAMPLE OF ASSETS AND LIABILITIES” width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”]

NO,Assets,Amount
1,Value of your property,£150000
2,Savings in bank or building society,£5000
3,Shares or other investments,£3000
4,Total,£158000
[/table]

[table width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”]

NO,Liabilities,Amount

1,Mortgage outstanding,£112000

2,Debts such as loans,£9000
3,Cost of moving,£3000
4,Total,£124000

[/table]

[table width=”650″ colwidth=”20|100|50″ colalign=”left|left|center|left|right”]

Balance,Net cash available (assets less liabilities),£34000

[/table]

Assets and Liabilities – In this case study according to the above spreadsheet we arrive as a balance of £34,000.  This in part will serve as a deposit that can be paid on your new property reducing the amount that needs to be burrowed from a bank or building society.

( now consider this a case study and in no way should be considered as the ideal – as personal circumstances differs from pne individual to another).

Part of this amount could serve as a deposit on your new property reducing the amount you will need to burrow from a bank or building society.

This is part of a contribution in how much you can afford when buying your property

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