First Time Real Estate Buyers Have A Hard Time in UK
Written by Chris Yates   
April 05, 2007
Apr 05, 2007 -- /prbuzz/ -- Getting on the UK property ladder isnt easy.
First you have to try and find a house that you can afford.
This is typically 3.5 x the highest income.

So lets say the average person in the UK earns £25000 ( still a bit high for most normal jobs.. )
but that would mean you could afford a house valued at approximately £87500

Now this isnt much help because for a half decent flat or house that isnt in the middle of a warzone you will need at least £102'000.

Moving on...
So you have found a house and can just about afford it.
You now need to get a mortgage in principal from a highstreet lender preferably.

You then need to find 5% of the mortgage value as a deposit.

So you have done that and have made an offer on the house.. within 10 days of an offer on the house being accepted the 5% deposit is due.

Don't forget you should take out a conveyancer report... this will set you back approx £500

This will check that the house isnt about to fall down around your ankles.

Seems a lot of effort just to buy a house...

Luckily http://www.buyingfirsttime.co.uk provide in depth guides to help first time buyers get on the ladder quickly and easily.
We have also teamed up with a mortgage lender specificaly aimed at first time buyers and we have secured you the highest first time buyer rate possible.

So head over to the website and start putting your homeowner dreams in motion

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Buying First Time
110 Unicorn Avenue
Coventry
UK

Chris Yates
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About the Press Release
First time home buyers are having an extremely hard time getting on the UK property ladder. There is help at hand for any first time buyer


 
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