First Time Buyers Troubles & Woes
With a global pandemic and a huge amount of businesses struggling over the last 2 years due to the current situation it seems that the UK property marketplace has seen even further increases in value making it even harder for first time buyers to get on the property ladder.
Affordable housing is going up all over the country and although defined by the powers that be is it really affordable for first time buyers. The market is confusing at best and made no easier when you start to research on or offline.
Did you know that there is now a 95% mortgage option for first time buyers and again we don’t believe this is the answer to the issues you will face. There is also growing concern that finding something within a reasonable budget is just a pipe-dream which means a lot of first time buyers are giving up at the first hurdle.
We think the UK government needs to re-think its strategy and ensure that housing is affordable for first time buyers. How they should do that we are not sure but would welcome the conversation so that we can help more of our customers. Planning your finances properly and ensuring that you have a financial expert onboard could be the answer to getting you on the property ladder and surprisingly we have been able to help quite a few of our customers achieve their dreams.
If your looking for general advice or would like to see what options may be available to you why not contact us today as a starting point after all you have nothing to lose.
Your home may be repossessed if you do not keep up repayments on your mortgage.