First-time buyers' housing ladder tips

This is a England news story, published by BBC, that relates primarily to David Hollingworth news.

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small deposit mortgages

BBC

•

Business

Business & Economics

Mortgages: Five ways for first-time buyers to get on the housing ladder

Summary

Nutrition label

85% Informative

Average deposit paid for a first -time buyer is 34,500 , according to UK Finance .

A Lifetime ISA offers 25% bonuses for those who are saving for a home.

Low-deposit mortgages are available to choose from than at any time since 2008 .

Shared ownership has been available in England since the 1980s and enables a first time buyer to own a "share" in their home.

"Given that these career profiles are often more secure, Kensington felt it could be more generous in its approach as long as the mortgage will be affordable," says David Hollingworth . "It can also take account of overtime and income from a second job to help improve the borrowing amount." But he adds: "It's always still important to shop around. Rates on these mortgages can be a little higher, so taking advice on the best overall fit is important.".

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful