Despite years of rising property prices, buying a home of your own is still something that many Britons consider to be an ambition they want to achieve. As reports regularly highlight the high and increasing cost of buying a home, it’s likely no real surprise to find that the average age of a first-time buyer in the UK has risen to 34, up from 28 just ten years ago.
First announced in early 2013, the UK Government's Help to Buy scheme should be music to every first-time buyers' ears. As a first-time buyer, the scheme makes it considerably easier to get your foot on the property ladder thanks to minimal deposit requirements, which is where most first-time buyers encounter problems. According to the Daily Mail, it takes independent buyers more than 11 years' to save a 15% deposit for their first home but, thankfully, that's where the Help to Buy scheme can help.
When it comes to buying your first home, it’s not always immediately obvious where you should be looking. Sure, you can take a look at the areas in and near your rental home – but chances are its going to be pricey.
However, there are some options to help you know where to look to get the best value for money and the perfect first-time buyer property. While they’re never going to be in the most popular part of the town or city you prefer, you might be surprised at what you can afford as a first-time buyer.
The UK’s housing market is a popular topic of conversation. And, since Chancellor of the Exchequer Philip Hammond’s surprise announcement to abolish stamp duty for first-time buyers in the November 2017 budget, it has no doubt been discussed around Christmas dinner tables.
A growing number of Britons believe the country is experiencing a housing crisis, according to a poll commissioned by newspaper the Observer and Guardian Cities. The survey shows that four in every ten people questioned say they won’t ever be able to afford to buy their own home.