To help, the government recently introduced a Help to Buy initiative. This allows you to buy within your preferred location, without the worry of extreme costs.
High Prices
The issue of cost has proven problematic for many potential buyers. National asking prices have seen their biggest annual rise in more than six years, with the potential to still increase.
Help to Buy is the ideal solution for those looking for a property in their desired location, without too much compromise.
Finding a home
The Help to Buy scheme helps first time buyers onto the property ladder and current owners to upscale, with only a 5% deposit.
If you’re interested in working out how much you need to save, the interest rate, length of mortgage and monthly repayments, against what sort of house price you’re looking at; check out this handy calculator from new home builders Barratt Homes. It allows you work out what you can afford and where, across the UK.
Thanks to the Help to Buy scheme, the property ladder is finally looking like a reality to many potential buyers.
