Majority of first-time buyers say they will need guidance when purchasing

A majority of first-time buyers will be looking for guidance when making a home purchase, according to research by Accord Mortgages and Yorkshire Building Society.

Nine in ten of those questioned in the national poll said they would need assistance, despite two thirds (65%) claiming they knew house-buying process well. Over a third (35%) are now expecting to buy sooner as a result of COVID-19.

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Source: Property Wire

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The percentage of first-time buyers’ household income going on mortgage payments

What this really shows is not house prices, but pressure. Affordability is about monthly cost, which varies across the UK. In London and the South, first-time buyers can spend over half their income on housing, while elsewhere it is far lower. To learn more please read on..

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