First time buyers in need of mortgage advice, use our free search tool to find a financial adviser near you
In part this is due to national average rents being so high. These rents are actively incentivising first time buyers to get onto the property ladder as soon as possible. With a range of competitive first time buyer mortgages on the market they could be paying far less per month for a mortgage than on rent.
On top of that currently there are more incentives than ever to help first-time buyers. Two of those incentives are the ‘help to buy’ scheme having been extended to 2023 and the shared ownership option. View all schemes here.
Since the launch of the help to buy scheme back in April 2013, many thousands of first time buyers have managed to get onto the property ladder where previously it would have been more difficult.
Additionally, there are now an increasing number of lender schemes designed to help first time buyers to raise a deposit where relatives who are fortunate enough, can use equity release or some other form of gifting assets to help with that all important deposit.
If you are a first time buyer in need of advice or to inquire about the help to buy scheme, please use our free search facility to find an adviser near you.