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First Time buyers in York

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York and its surrounding areas are wonderful places to live in. Yet with the many different neighborhoods scattered throughout York, ranging from low-cost options to more affluent communities – it can prove difficult to find a good fit for you. But Stephen Kerrigan, our Mortgage Advisor is here to help find your perfect match.

What do you want information on?

First Time Buyer

Buying your first home can be a little bit daunting, but we’re here to help with all the challenges of finding your perfect place.

Remortgages

Looking for a better mortgage deal? Or to release some of the equity in your home? The process is often not as easy as it first appears.

Moving Home

Thinking of selling your existing property and moving to a new home? It’s important that you try and budget accurately. Find out why.

Buy-to-Let

This can be one of the popular mortgage options available for those wishing to invest in the residential & rental property.

We also know that buying a house for the first time is a big commitment, whichever country you decide to buy it in. Trying to find the perfect place for first-time buyers in York, as it offers plenty of opportunities and many helpful resources.

What’s changed for first-time buyers?

Recently released stats show how changes in the property market are inverting what buyers are looking for. In 2018, first-time buyers accounted for over half of all house purchases with a mortgage and that’s an increase of 38% when compared to 2008.

The average cost of a first property has risen by 39% over the same time period. In 2008, a first-time buyer could expect to pay an average of £153,000 for their new build home. In 2018, buyers can expect to pay an average of £212,500 for their newly built home.

The average deposit paid has risen by 57% over the last decade. The average amount paid in 2018 was £33,252, while it was just £21,133 in 2008. This change is due to tighter mortgage lending regulations as a result of the financial crisis.

First-time buyers in York

First-time-buyers in York

York is a unique area of the UK with its own quirks. However, the city also acts as kind of microcosm for what happens in other parts of Britain and has been an excellent predictor for future property trends in England.

The property landscape in York has shifted over the last few years; there were once specific prices for both first-time buyers and key areas, but now things are a little bit more complicated.

The MortgagesRM team has compiled several informative guides to help you make the best decisions.

The York house-hunting article points to the need for residents of this region to compare prices in areas they’re interested in. To help people make informed decisions, we’ve put together an overview of average prices across the most popular regions here. These values should provide accurate information at the time of writing, but it is possible that

What other costs do you need to be aware of?

First-time-buyers in York

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