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Buying your first home can be a daunting prospect financially. For many Londoners, it can seem a faraway fantasy. But property has always been regarded as a desirable asset and a worthwhile investment, and that’s exactly what it is: an investment. It’s not just about buying a house in the same way as you would a new road bike or Mulberry Handbag. Purchasing property of your own is not only a sign that you’re moving up in the world but also that you’re making a long term financial commitment. A sign that you’re officially engaging in what young graduates migrating to London refer to as ‘adulting’…So, when is the time to cut back on any unnecessary luxuries of city life and begin saving for your deposit?
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You do not qualify as a first time buyer if: a) You’re looking to buy a property with someone who owns, or has previously owned, a home. b) Someone else who already owns their own home, is buying (...)
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During tough times most people are looking to cut financial costs in any ways that they can. When buying and selling your property, you are likely to be looking for the best deals possible.
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The ultimate effects of Brexit on house prices and mortgages will depend on the final details of any deal and their repercussions for the economy.
Negotiations about future relations between the UK and the EU are (...)
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