What is the average deposit for first-time buyers in 2023?

What is the average deposit for first-time buyers in 2023?

In the UK, first-time buyers save between £26,400 and £144,500 on a home purchase. Learn how much people save for a home in different areas of the country. First-time buyers in the UK are expected to pay an average deposit of £34,500 for a £240,000 home in 2023. The...
You and your finances: What you need to know about interest rates

You and your finances: What you need to know about interest rates

In an effort to slow the price rise, the Bank of England has raised interest rates for a 12th consecutive time. During the meeting of the Monetary Policy Committee, the Bank rate was raised to 4.5% from 4.25%. It will cause further pain to some homeowners, but it...
When you should, and shouldn’t worry about asbestos in your home

When you should, and shouldn’t worry about asbestos in your home

What is asbestos? The mineral asbestos is found in rocks as a natural component. The strength, flexibility, and fire resistance of this material made it an ideal building material. The majority of asbestos was used in the construction industry. It is possible that...
Helping you choose the right survey

Helping you choose the right survey

Why do you need an RICS Home Survey? Because forewarned is forearmed. Choosing the right survey will help highlight any serious problems and advise you of the specific risks before you commit to the process of buying or selling a property. RICS has three different...
If Woodworm Is Found During a Property Survey, What Should I Do?

If Woodworm Is Found During a Property Survey, What Should I Do?

The presence of woodworm on your property shouldn’t affect your decision to purchase. The problem can be treated, and unless it’s severe, it won’t damage the structure. Negotiations can also be opened with the seller before contracts are exchanged....