Top tips from Phil for first time buyers (From Your Local Guardian)
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Top tips from Phil for first time buyers
11:18am Tuesday 31st January 2012
First time buyers wanting to get on the property ladder can take advice from TV property pundit Phil Spencer who has just produced a series of five videos covering everything from knowing the right time to buy to financing your move.
The guides have been produced with housebuilder Taylor Wimpey who carried out new research revealing that one in 10 people are living with their parents more than a decade longer than they intended as they struggle to get on the property ladder.
Phil Spencer says the research highlights the challenges faced by those trying to buy a place but insists there is light at the end of the tunnel.
He says: “Living with parents on a temporary basis can be a great way to relieve some financial pressure while saving for a deposit.
“Make sure you have a proper savings plan in place, consider buying with friends or family and find out about the range of schemes from the government and housebuilders, which means you may only need to save a five per cent deposit.”
The first of Phil Spencer’s Buying Your First Home guides is now available to view at www.taylorwimpey.co.
uk/philspencer.
Top tips from Phil for first time buyers
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