– Find out more about first time home buying with HSBC Moving Stories
Amy Beringer Smith has started saving, but should be aware that after stamp duty and legal fees, she will have a deposit of only 10 per cent for a £175,000 property, which will make it harder to get a mortgage. So she might need to see if her parents are willing to lend her more, or plan to save for another year.
1 Be positive
Most people end up being householders, so there is no reason why you shouldn’t. You have a job and a steady income.
2 Be flexible
Blackheath is an expensive, family- orientated suburb of south-east London with no access to the Tube, although there is a good rail link. Perfect for a family, but perhaps not for a young woman. I’d go east, or up to Elephant and Castle, or Brixton. There is green space, prices are more reasonable and transport links are better .....
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