First-time buyers schemes to help millennials afford first home | Property | Life & Style

But a national survey of first-time buyers by developers Countryside claims two thirds of under-24s are saving for deposits to buy a home and 92 per cent of respondents are planning to use the government’s Help To Buy scheme, which has been guaranteed until at least the end of 2020. Help To Buy (there are different versions depending on where you live) plus the recent stamp duty exemption for first-time buyers in England and Wales are to thank for this more positive outlook but there are also affordable homes available…

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Why first-time buyers are now seven years older than in the 1960s | Property | Life & Style

Today, first-time buyers will be in their thirties before they get onto the property ladder and pay a deposit of £20,622. In comparison, in 1960, the average first-time buyer was just 23 years old paying a deposit £595 on their first home – the equivalent of around £12,738 today. James Thomson, CEO of Keepmoat Homes, which commissioned survey of 2,000 people, said: “As the UK’s leading homebuilder for first-time buyers we understand better than anyone the challenges that come with getting onto the property ladder. “In fact we sell 72…

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