What it is like to get a mortgage in different countries across the world

manchestereveningnews.co.uk:

Homeowners in the UK have become accustomed to the way we're able to purchase a home. For most of us, we save for a deposit, apply for a mortgage then spend approximately 30 years paying it back until we own the home.

Whilst there are various types of mortgages available in our country, the home-buying process is always the same - unless that is you have the cash to buy a property outright.

However, there are many countries overseas that have a completely different methods and schemes to us when it comes to buying a home. READ MORE: Greater Manchester's most expensive streets where footballers, celebrities and businessmen live These countries below each have alternative ways of getting people onto the property ladder, and this is how they differ to ours, according to research by Online Mortgage Advisor.

Mortgage requirements in Sweden are regulated partly through legislation and partly determined by the banks themselves. In addition to the standard proof of a steady income, Swedish banks use the following calculations to determine how much they’ll lend you: Left to live on Banks will calculate how much you’ll have left to live on once your mortgage and other bills are paid.