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  THE WEST SUSSEX PROPERTY BLOG // FIRST TIME BUYERS AT RECORD HIGH FOR OVER 10 YEARS

First Time Buyers at record high for over 10 years

If you are starting to consider getting on to the property ladder for the first time, according to recent figures from UK Finance, you are one of many.  It seems that there were 365,000 first time buyers in the UK last year, with an average age of 30 years old and an annual household income of £41,000 (individual or joint). 

2017 saw more first time buyers taking out mortgages, thus making one of the biggest financial decisions of their lives, than in any year since 2006.  Last years changes to Stamp Duty for First Time Buyers have obviously helped the increase in numbers of young people getting on to the property ladder and the South East of England has seen one of the biggest rises in the UK. Therefore, if you are considering the same exciting step forwards, you need to ensure you can talk to a friendly team of people with local knowledge, expert advice and guidance. 

Our 3 offices in Pulborough, Storrington and Horsham, covering the beautiful county of West Sussex, currently have properties available for first time buyers, from just £160,000, but with multiple buyers all vying for the same properties, you need to be quick off the mark, so don't waste time! There is also so much information and advice out there, which can become confusing, so when you are ready to make that first step on to the property ladder, please call in to one of our offices to see how we can assist you in making sure you make the right decisions for your future home.

 

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