A 7 Tip Guide to Finding Your First Home

The decision to buy a place to live for the first time is a big one. Becoming a property owner is a life-changing event; some would argue it’s on a par with getting married or having children.

According to official ONS figures, the average house price for a first-time buyer in the UK in 2020 was £239,000, with regional variations ranging from £132,000 in Newcastle compared to £489,000 in London. The average age of first-time homebuyers in the UK has risen too, currently standing at 34 years.

Getting finance in place is key for first-time buyers, and the new 95% mortgages announced in the March budget should allow more first-timers to get onto the property ladder with a deposit of only 5% of the purchase price. But with a long-term commitment for such large sums of money involved in a property purchase, it’s important to ask the right questions to ensure that the sums invested into bricks and mortar are wisely spent.

For first-time buyers who are new to the property industry, here is some helpful advice on how to find the right home:

Please click here to read the 7 tips to finding your first home

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Generation Rent or Generation Patient?

Young people in Attleborough are finding it tougher than ever to buy a home. Rising costs, slow wage growth, and stricter lending have pushed ownership further out of reach, turning it into a long-term goal for many under 34s. This snapshot explores the challenges and what the future may hold.

CLICK HERE >