First-time buyers commit to homeownership despite pandemic

First-time buyers commit to homeownership despite pandemic

The pandemic has strengthened the resolve of first-time buyers who have become more determined to follow their homeownership dreams and save more to get a foot on the housing ladder according to new research.

Three in five (61%) of respondents said that buying a home is more important to them now than it was at the start of the pandemic in March. The research, commissioned by Yorkshire Building Society, shows that over a third expected to buy their home sooner due to the pandemic and nearly half said they had been able to save more for their deposit as a result of the impact of COVID-19.
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Source: Property Wire



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Despite the headlines, first-time buyers in Attleborough are not locked out of homeownership. When you look beyond prices and focus on monthly mortgage costs, affordability today is far better than many realise. The data challenges the doom narrative and shows that, while deposits are tough, buying a first home is still possible.