If your goal is to buy a home in 2022 but you’re struggling when it comes to financing the deposit or the mortgage then it’s worth knowing a few tips and tricks that can help get you on the property ladder while avoiding those bigger hurdles. Buying your first home is an exciting venture, whatever stage you may be currently at but knowing how to get yourself a better deal could be the difference between buying your home this year or having to wait a little longer to secure that dream property.<\/p>\r\n\r\n\r\n\r\n

Help to Buy<\/h2>\r\n\r\n\r\n\r\n

This scheme is a great start if you don’t have loads to spend on a deposit but you’re looking for a decent sized home in a sought after area. Many areas offer help to buy from West London<\/a> to Newcastle so you won’t have to compromise on where you want to live to save a bit of cash. Help to Buy allows you to put down a 5% deposit while receiving a 20 equity loan on the property that carries 0% interest for the first 5 years. This means you only have to get a mortgage worth 75% of the value of the home and you have a bit longer to get your finances in check before your equity loan picks up any interest. Help to buy is a great idea whether you want to live in an apartment in Bromley<\/a> or Canary Wharf and offers bespoke housing with modern interiors and expert finishes.<\/p>\r\n\r\n\r\n\r\n

Shared ownership<\/h2>\r\n\r\n\r\n\r\n

If you haven’t already heard of this home buying method you are missing out. Shared ownership allows you to buy a share of a property while renting the rest at a low cost from a housing association. With plenty of property portals offering this including connectwithhome.co.uk<\/a>, you can find a range of shared ownership properties from bigger family homes in the countryside to sleek city apartments. With shared ownership homes in Dartford<\/a> offering city life with great connections to London as well as shared ownership apartments in Kent<\/a> boasting the best of countryside living, shared ownership is a great way to buy your first home in 2022. As you only put down a deposit on the share you wish to own you can cut those initial costs right down and go at your own pace.<\/p>\r\n\r\n\r\n\r\n

Self building<\/h2>\r\n\r\n\r\n\r\n

Whilst this method won’t get you a house immediately, it is one method many people use to achieve their goal of owning their own home on a budget. The first step is to buy a piece of inexpensive land with little agricultural or environmental value. You then need to get planning permission to turn the land into residential use, and submit plans for a home of your own design. Once you have permission, you can then use a Roanoke land clearing<\/a> service or similar service in your own area to prepare the land for building. Get the foundations laid, build up, fit out the interior and hey presto, you have your very own house for a fraction of the price of buying one. Of course, this method takes time, effort, patience, construction knowledge and maybe even a few DIY skills, but if you’re brave enough to go for it, you’ll end up with a house of your own design to call your own.<\/p>\r\n\r\n\r\n\r\n

London Borough Developments<\/h2>\r\n\r\n\r\n\r\n

Along with how you buy your home, where you buy can also make a big difference to how much it will cost you. As a first time buyer you may be looking for your own spot in the London property market and this is perfectly possible through schemes offered to first time buyers. With London\u00a0 boroughs like Croydon, Lewisham and Gravesham all being completely transformed by property development, you can buy your own piece of property in London without being offered a shoebox for an arm and a leg. And with plenty of young professional havens now emerging all over the city including shared ownership apartments in Acton<\/a> and shared ownership homes in Ebbsfleet<\/a>, you can get exactly what you’re looking for at a comfortable price, in 2022.<\/p>\r\n\r\n\r\n\r\n

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If your goal is to buy a home in 2022 but you’re struggling when it comes to financing the deposit or the mortgage then it’s worth knowing a few tips and tricks that can help get you on the property ladder while avoiding those bigger hurdles. Buying your first home is an exciting venture, whatever […]<\/p>\n","protected":false},"author":2,"featured_media":868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"yoast_head":"\n