Buying your first home is a huge decision and a milestone you may have been looking forward to for years. But it can be a daunting step to take too.
Rising property prices mean UK adults are taking their first step onto the property ladder later in life. The average first-time buyer in the UK is 34, according to Money research. Over the decades, the average age has increased as more young people go to university and face obstacles when saving a deposit or taking out a mortgage. However, Brits are far from the oldest average first-time buyer in the world; in Switzerland, the average first-time buyer is 48.
If you’re thinking about buying your first home, there are lots of things to consider and steps you need to take. Whether you’re perplexed by the jargon or aren’t sure how the home- buying process works, this guide will help lead you through buying your first home.Back to Our Insights