First time buyers priorities for the new decade

First time buyers priorities for the new decade

After a year that has brought a fair amount of changes and disruption to our lives, moving on and buying a home has become a priority for many people. And while our lives have changed significantly, so too has the way we buy our homes.

Young buyers are now looking for homes with different priorities in mind and with new schemes opening up in the property market, buying a home is changing quicker than ever. While the 10 steps to home ownership might have remained the same, the trend keeps changing. With more accessibility and a wider range of properties, getting to know how to acquire one is crucial.

Mortgage Brokers

First-time homebuyers can greatly benefit from seeking the assistance of mortgage brokers for several reasons. A mortgage broker frankston or a professional of comparable caliber in another location can act as an intermediary between borrowers and lenders, offering expert guidance through the complex process of securing a home loan. These professionals often possess in-depth knowledge of the mortgage market and have access to a wide network of lenders, allowing them to identify and negotiate favorable terms and interest rates tailored to the buyer’s financial situation. Moreover, mortgage brokers can simplify the application process, helping first-time buyers navigate paperwork and understand various mortgage options available to them. Their expertise can also extend to evaluating a buyer’s creditworthiness and financial status, enabling them to recommend suitable loan options. Ultimately, engaging a mortgage broker can streamline the homebuying journey for first-timers, providing valuable insights and support throughout the crucial decision-making process.

Home Buying Schemes

One of the biggest changes to the way first time buyers get hold of their first home is the very process in which they purchase. One of the more popular ways that first time buyers have been taking advantage of is shared ownership. Allowing you to buy a share in your home rather than having to purchase the entirety is proving to be popular for the low deposits and easy manageable monthly payments that come with it. Essentially helping first-time buyers get on the property ladder with a smaller deposit and at a faster rate while not having to compromise on size or location, shared ownership is a great way to get your footing on the property ladder. And with shared ownership homes in Bedfordshire or anywhere else, for that matter, the scheme spans the length and breadth of the county with much more to offer than just savings.

Plenty of open space

If there’s anything we’ve learnt from a year stuck indoors, it’s just how much we value the outside. Not only did walking keep us fit and healthy through the numerous lockdowns, but it also helped keep our spirits up. Shifting our perspective to appreciating the outdoors more has created a trend in buying homes in more countryside areas such as shared ownership houses in Derbyshire (or elsewhere), with the peak district on your doorstep and plenty of space for you and your family.

Work from home spaces

Another key trend for house hunters this year has been the rise in buying properties with home offices and spaces in which to work from home. Separating work space from the place you go to relax is of utmost importance for mental wellbeing and productivity. Staying motivated when working from home can be tough but with a designated space in which to focus your mind and stay stress free, keeping those productivity levels high is made a lot easier. With everywhere from shared ownership homes in Surrey, for those who make a couple of trips to the office a week, that keep you in the midst of the countryside and allow you the calm environment to work and rest, buying a home with enough space to do both is a big change for first time buyers snapping up properties in 2021.


Infographic Created by Foundation Doctor, Trusted Foundation Company Matthews NC
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