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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The Hard Truth About Attleborough’s Young: Where Do They Live and What Does the Future Hold?

It’s no secret that the younger generation in Attleborough is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it's no surprise that fewer under-34s are becoming homeowners.

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