Wednesday 25 May 2011

Latest Property News in UK - How do I get onto the property ladder?

Latest Property News in UK - How do I get onto the property ladder?

Britain’s property boom has seen thousands of homeowners and property developers enjoy incredible gains over the last fifteen years. The downside of the good fortune of those relatively few homeowners and developers is that it’s now much harder than ever before for first time buyers to get a foot on that property ladder.

If you’re taking the initial steps towards owning your first home, there are a number of hurdles to overcome and things to keep in mind as you go.

First of all, you’ll have to calculate how much you can afford to spend on the deposit, as well as the monthly mortgage repayments. While making this calculation, it is important not to forget the necessary contingency ....

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