20th October 2017
Getting the first foot on the property ladder can seem like a daunting task in the current market - but with the right help and advice, it is more than possible.
Halifax reported at the beginning of this year that the number of first-time buyers has reached a 10-year high - with 60% of first-time buyers choosing mortgage terms of 25+ years to improve affordability. However, in Brighton & Hove, the average cost of properties is a staggering £300,000 - 53% higher than the national average.
While that seems like an intimidating amount of money, there are ways to cut costs and use schemes to buy your dream property. We’ve pulled together our tips on how to save, what schemes are available and how to find the support you need.
Saving for a deposit is a huge task for a first time buyer - but it doesn’t have to mean giving up your favourite things or having beans for dinner everyday.
There are a number of government schemes out there that can help you buy a home - but it’s often difficult to understand what you can actually do with them. We’ve highlighted the most popular ones below, and included a simple description of how they can help you get on the property ladder.
If you’re thinking about buying your first property but you’ve got a small budget, it’s important to get the right advice. Make the journey easier and ensure that you’re kept in the loop by working with a trusted estate agent.
At Maslen, we believe in complete transparency. That means we want to know exactly what you want, so we can avoid time-wasting, offer appropriate advice, and find the perfect property for you. Our expert estate agents will keep in regular contact to reassure you throughout the buying process.
It’s also important to get comprehensive advice and support from independent financial advisors and your bank - they can make sure you understand mortgages, and have calculated a reasonable budget, getting you in the best possible position to start the buying process.
Looking for more advice on buying your first property on a budget? Get in touch today for advice from our friendly advisors.