The government’s Help to Buy programme and low-deposit
mortgages are helping to prop up the first-time buyer market. Research by
Aldermore revealed nearly a third (29%) of prospective buyers believed getting
onto the property ladder was difficult, while being able to access affordable
housing was cited as the second largest challenge, cited by 23%. But the
chances of raising a deposit was regarded as less of an obstacle than last
year. Assistance through low-deposit mortgages and saving schemes such as the
Help to Buy ISA had boosted first-time buyers’ prospects. Read more on the
Aldermore website.
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