There are ways to make buying your first home easier. Here, OnTheMarket.com and the Money Advice Service explores some of them.
Saving money for your deposit
Before you start looking at properties you’ll need to start saving for a deposit. Generally, you need to try to save at least 5% to 20% of the cost of the home you’d like. So if you want to buy a home costing £150,000, you’ll need to save at least £7,500. Saving more than 5% will make it easier for you to apply for a wider range of mortgages.
OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.