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It may be really thrilling to contemplate relocating. Daily life might seem like an adventure when you first relocate. There will be fresh places to eat, nearby marketplaces to visit, and friends to make.
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While many Brits are grappling with the cost-of-living crisis, rising interest rates and inflation, saving for a hefty deposit is resolvedly taking a backseat and potential homeowners may be choosing to hold off until price growth in the housing market cools down.
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Whether you are thinking about saving for your first house or you have been saving for a while now, the deposit will most likely be the first hurdle on your journey. Here are some of the basics you’ll need to know to help you get a leg up.
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In the last five years, there’s been a 42% drop in how long it takes to accept an offer on the average UK home.* This is a fall from 45 days back in 2016 to a mere 26 days in 2022 – less than a month!
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With the cap on energy prices set to rise again this autumn and early next year, the cost-of-living crisis isn’t over yet.
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