Planning on buying your first property? It’s an exciting time, but the experience can also prove to be stressful if you don’t plan properly. Here are 10 of the most important things first time buyers need to know to make the experience a good one.
Many people renting in the UK are concerned that they will never be able to buy their own homes. Getting on the property ladder has always been a challenge, but according to new research, a large number of renters now think that it is beyond them.
The UK Government’s Help-to-Buy ISA scheme has proven popular enough to encourage over 1 million potential first-time-buyers to open an account and begin saving for their first home. The latest Government figures show some £1.8 million has been saved so far in these accounts.
UK house prices rose sharply in March, likely due in part to a glut of investors making property purchases ahead of the new stamp duty tax rules that came into force this month.
Another year, another budget. And this one contained a few interesting elements, both for prospective homeowners and for the property sector as a whole.
Buying your first hose can be a challenge, no doubt about it. Nonetheless, thousands of people all over the UK buy their first home every year, and there are plenty of ways to go about it. This guide takes a look at a few of them.
The Government's long awaited and much delayed housing white paper was finally published last week. The 104-page document contained a lot of information and detail, most of which was welcome. However, having good ideas and implementing them are two very different things.
The UK Government’s Help to Buy Equity Loan scheme has grown in popularity since it was first launched in 2013. The year 2018 proved it’s best yet, with a total of 52,057 new homes – an average of 1,000 homes per week - bought by Britons using the option.
Do you dream of moving out of a rental property and getting onto the property ladder? If so, you may find that you are unable to do so because of the cost of buying a home.
Recent statistics on the UK’s housing market have highlighted dramatic shifts in people’s behaviour. Most strikingly, 43% of respondents to a major market survey said they would rather save money for a holiday than a home. This marks a major generational shift - owning a home used to be the sign of putting down roots and becoming stable. However, 51% of 18-34 year olds owned a home in 1991, compared to just 24% today. So why are fewer and fewer people deciding that they’d rather take a holiday than save for a home?
With the ever increasing cost in living only going one way, more and more first time buyers are looking for more affordable ways in which to purchase their first home. Shared ownership schemes are offered by housing associations and allow you to part-buy and part-rent your home.
With the cost of buying a property ever-increasing, the government have set about a new way of helping first time buyers onto the property ladder.
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.