Take your step on the property ladder

Take your step on the property ladder

After years of financial instability, it’s understandable why many seek to rent rather than buy. A recent survey revealed that on average, potential buyers wait more than three years before stepping onto the property ladder. This suggests that many still lack confidence in the housing market.

What’s more, over half questioned (52%) were contemplating purchasing a property, but a higher percentage (63%) said a move within the next year was highly unlikely.

However, as a result of improvements to the economy and initiatives like Help to Buy, we expect to see an increase in the number of property owners across the UK.

The Obstacles

Common issues for buyers include the cost of moving, high property prices and finding the money for a deposit. But as the economy picks up, it’s a good time to make the most of opportunities within the housing market.

The Help to Buy scheme is designed to ease the economic pressure. It’s targeted at those looking to buy a new home or upscale; offering a 5% deposit as opposed to the typical 20-25%. The remainder of the money is made up through a government loan and traditional lenders.

Help to Buy video by Barratt Homes.

 

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Categories: Featured

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Barratt Homes

Barratt Homes is one of the largest residential property development companies in the UK. Founded in 1958, they’ve grown to become one of the largest and best known home builders in the industry that includes some of the sector’s most successful brands: Barratt Homes, David Wilson Homes, Ward Homes, Barratt London and Wilson Bowden Developments. These businesses build and sell thousands of new homes and commercial and mixed use property, ranging from starter and family homes, through to exclusive luxury apartments, and offices to retail parks. They also provide affordable homes for rent and shared ownership, helping meet Britain’s growing housing need in towns and rural areas across the country. Barratt is officially the highest quality major national housebuilder, having achieved 5 star housebuilder status; they are the only major national housebuilder to have been awarded the maximum 5 star rating for five years in a row. In their citation judges recognised them as an “outstanding all-rounder, showing prowess in the fields of zero carbon, regeneration, design and landscaping.