Do you hope to be a first-time home buyer? Do you need help with a first-time buyer deposit? Watch Phil Spencer interview Hazel Wood in our First-Time Buyer series, which is part of Move iQ's campaign to lower the average of first-time home buyers in the UK.
In episode 2 of this 3 part video mini-series, Hazel shares her inspirational first-time home buyer story and discusses how she searched and found her first home and the additional costs, sometimes unexpected, of buying a new build, such as the deposit, ground rent and service charges.
SAVING FOR YOUR FIRST HOME
Even though she benefited from the government's Help to Buy Scheme, Hazel still had to make some sacrifices and compromises to be able to afford her first home. She had to reduce her monthly outgoings and review and reduce spend on committed outgoings.
In this way, Hazel was able to save £20,000 in just two years. Living at home with her parents during this time also meant she saved money by not having to pay rent.
FIRST-TIME BUYER DEPOSIT:
Top Tip: Take control of your spending!
Find our top tips for saving for a deposit here:
Hazel was in full control of her finances and savings before she started to seriously search for her first home. To help you, we can connect you with a mortgage adviser here:
Want to know how the government's Help to Buy Scheme could help you get on the property ladder? Read here:
JOIN OUR FIRST-TIME BUYER CAMPAIGN
At Move iQ, we're campaigning to lower the age of first-time buyers in the UK!
To do this, we've made it our mission to provide young, hopeful homeowners with the tools they need, giving them advice every step of the way:
We're here to help you take the first steps to become a homeowner. We have plenty of advice for first-time buyers, all in one place:
Find out more about our campaign to lower first-time buyers here:
WANT TO SEE MORE OF HAZEL?
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What do you think of Hazel's story? Let us know in the comments below!
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