Buying your first house in today’s property climate is no easy task, but it is certainly a rewarding one. Millennials don’t have it all on a plate, and it takes a lot of determination, not to mention giving up those sacred avocado toasts ;). Whilst you might see buying your first home as a long way off, it’s never too early to begin preparing. You can look into different schemes which might help you to get your foot on the ladder earlier than expected, and it’s good to know exactly what buying a house entails. Know where you stand, and if the dream of buying a house is actually closer than you may think!
This week has seen changes to the UK budget that could make pathways to home ownership for 1st time buyers better than we’ve seen for a long time. As always we were given a few tit-bits of information prior to the budget being officially released by Chancellor Phillip Hammond and these leaks made us hopeful that this time around the Government was going to aim to tackle the ongoing housing issues that have blighted this country for years.
The younger generation have in recent decades become dismayed that the prospect of being able to get onto the property ladder has become an unachievable dream for them. This year, massive changes to the key policy on Stamp Duty for First Time Buyers, could mean that home ownership becomes a very real possibility for many.