Buying in Magherafelt

What you'll find

Terraces and town houses near the centre, established estates, a steady supply of new developments, and plenty of rural houses, farms and building sites across the surrounding countryside and the villages around Castledawson, Bellaghy and Draperstown.

Who buys here

Young families and first-time buyers, tradespeople and business owners, and people who grew up in the area and want to build on family land.

Getting about

There's no railway. The upgraded A6 dual carriageway gives a quicker run east towards Belfast and the M22, and the A29 runs north and south through Mid Ulster.

Mortgage points to note

• Self-employed and company directors. Lenders usually want two years of accounts or tax calculations, and they differ on whether they use salary and dividends or company profit. That choice can change what you can borrow a great deal. Read the self-employed guide.
• Building on family land. If the site is being gifted, the lender will want to see the land transferred into your name and planning permission in place before the first stage payment.
• Working away. Some trades work in Britain or further afield for part of the year. Lenders want to see where the income is paid and taxed, so have payslips and contracts ready.
• New builds. Check how long your mortgage offer lasts against the builder's completion date, and how much of any incentive the lender will accept.

Nearby

See also Cookstown, Antrim and Ballymena.