Getting onto the property ladder could mean moving over 20 miles from their friends and family for 77% of first-time buyers.
There's a number of key variables at play here. Affordability is the most prominent factor, with more expensive areas in the UK – like the South West – showing stronger trends for migration.
Just 8% will buy within a mile of 'home', 14% will go as far as 1-3 miles and 11% will go 3-5.
Where are you looking to move to?
Local property advisers, no matter where you decide to set down roots.
- Have you started saving for your deposit?
- Have you looked at mortgages for first-time buyers?
- Are you aware of the government help-to-buy schemes?
As local agents, we have decades of experience that we draw on to help prospective homeowners make a smart first move.
From making a competitive offer to choosing the highest value property at the best price, we can guide you to making the right choices for you.
Average savings of £100,000 with the First Homes scheme
Targeted at first-time buyers and key workers, the latest initiative from the government – expected to be rolled out later this year – offers a 30% discount on selected new build properties across the country.
Based on regional affordability, it’s at the local councils’ discretion to allocate further discounts to make the scheme more accessible for residents.
For more information on Government schemes for first-time home buyers and existing homeowners, visit this website.