You may be able to use housing benefit to buy your first home, according to government reports.
We'll keep you updated with any future developments. In the meantime, here are some practical tips to help you get on the property ladder.Getting your time-frame right is important. You could end up frustrated and disappointed if you rush yourself, but a time-frame that is too long can start to feel abstract and unachievable, too.
Then, take a look at your budget and work out how long it’s likely to take you. You might want to play out a few scenarios, especially if you’re anticipating a pay increase, or if you want to see how plans like holidays or other big expenditures will affect your progress.Even if you’re very early in your career and perhaps earning a lower salary as you gain experience, there are things that you can do to maximise your chances of home ownership in the not-too-distant future.
Because the habit is already in place, all you need to do is increase the amount when you can, and you’ll quickly build a decent savings pot. Mortgage lenders also love to see regular, well-establishing saving habits, as it shows them that you’re conscious about your money.
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