Getting On The Property Ladder*, #WednesdayWisdom

by Nikki LLL Blog, March 09, 2021

Owning a home is the dream for so many people, but I can confirm that as a renter (and a skint renter at that!), the thought of getting on the property ladder induces feelings of pure stress. Property is by no means cheap! And neither are all the fees that come with purchasing one. Gah!

Some slightly brighter news on the 2021 horizon though, when it comes to buying your own gaff - the recent budget announcement has introduced the idea of 95% mortgages... which means the prospect of putting down just a 5% deposit. The stamp duty holiday has also been extended, meaning that those purchasing property between now and the end of June could potentially save themselves thousands. It seems that ‘generation rent’ is finally being given the opportunity to become ‘generation buy’. And I'm here for it!

Getting On The Property Ladder, lovelaughslipstick blog