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 now costing in excess of £900 per month. High cost 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 the best incentives ever to help first-time buyers. Two of those incentives are for example;
Since the launch of the help to buy scheme back in April 2013, more than 150,000 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 and to enquire about the help to buy scheme, please use our free search facility to find an adviser near you.