WHY RENT WHEN YOU CAN BUY.
Now is the perfect time to focus on helping first-time buyers step onto the property ladder. If you’ve been dreaming of owning your own home but feel unsure about where to start, you’re not alone. Buying a home is one of the biggest financial commitments you’ll make, but with the right guidance, it doesn’t have to be daunting.
Did You Know?
Buy a Home with as Little as £1,500:
Many first-time buyers are surprised to learn that you can begin the journey with just £1,500 to cover essential costs. Understanding all the expenses involved is crucial, and our team is here to help you navigate them with ease.
No Deposit? No Problem!
One of the most exciting options available to first-time buyers is co-ownership. This allows you to purchase a share of your home and rent the remainder, making it possible to buy without a large upfront deposit.
Why Rent When You Can Buy?
Renting might seem like the easier option, but did you know it can actually be more expensive than buying? With current mortgage rates and flexible options, owning a home could be more affordable than you think.
Worried About Rent Increases?
Unlike rent, which can increase year on year, a fixed-rate mortgage can offer stability and predictable payments, giving you peace of mind and financial security.
Rent vs. Buy: Real-Life Example
Let’s take a look at a real-life comparison to illustrate the difference between renting and buying:
Property Address:
69a Rushfield Avenue
3 Bed Semi-detached House
Cost to Rent:
£1,350 per month
Cost to Buy:
£910.26 per month (Based on a 4.8% interest rate, repayment over 35 years with a 5% deposit)
As you can see, the monthly cost of buying this home could be significantly lower than renting it. Plus, with every payment, you’re building equity in a property you own rather than paying towards someone else’s mortgage.
Why would you come to our First time buyer month?:
- You can book a personalised chat with one of our colleagues.
- Get advice on how you can get yourself ready to buy your OWN home
- Why rent when you can buy?
- Buying is often cheaper than renting
- It’s Free
- Needs help understanding your credit file?
- We will take you through all the next steps to get you to your dream home
- Get advice on what you need to do to buy your own home
- Everything is personalised to your home buying journey
Buying your first home is a big step and we are here to help make it happen for you.
We host free, Face to face appointment with our First Time Buyer experts to help you understand everything you need to know about buying your first home.
Our experts will cover all the essential steps, including:
• Where to start: get valuable tips on saving for your deposit and discover government schemes that may be available to you.
• House hunting: learn where and when to start when looking for that first home
• Next stop home: Cover all initial and monthly costs, understand how we can get you approved, and all the steps to getting those all-important keys.
Everyone is welcome!
