7th March 2022

Buying a house in 2022

Whatever stage you may be at with your house-buying journey, the process can be a complicated affair and requires a lot of consideration. The housing market is booming in 2022 and there are plenty of ways you can take advantage of this as a first-time buyer. From shared ownership to help to buy, you can get yourself on the property ladder without worrying about finances or saving up for a deposit.

When exploring the property to purchase, you can look for construction companies that could provide you with support as well as necessary information related to home financing. If interested, you can check out Upland Ridge homes by Ware Design Build or residential properties by similar companies to schedule a design consultation. With plenty of new schemes and ways to buy a home, the housing market is becoming increasingly more flexible and open to new buyers.

Another way to get onto the property ladder is by driving through neighbourhoods that you’re interested in. That can help you scout for interesting properties. Several residential areas feature houses ready for sale, so, you’re basically a phone call away from finding yourself a good house. Many listed homes for sale in Chatham Park, as well as several other places, are catalogued online on their websites, which offer a whole lot of convenience. These sites could show you different options, so you could select the one you like most. And once you have finalized a property you are planning to purchase, you can start looking into financing options such as mortgages and loans. Moreover, some builders can have sources and connections with property loan firms and other financing service providers, so you can also ask around for help.

Furthermore, here are a few top tips to take advantage of the housing opportunities in 2022 and look for these mentioned home financing options.

Shared ownership

A great way to buy a home in 2022 is through shared ownership. With the opportunity to part buy, prt rent your home, you can spread the cost and take your time when it comes to your finances. Shared ownership essentially allows you to buy shares in your property rather than the whole thing so you only have to put a deposit down on the share you want to purchase. You will also only need to get a mortgage for this share which can be a lot easier than finding a mortgage for 90% of the value of the property. Shared ownership also means you can buy more shares of your home overtime essentially meaning you can move up the property ladder and increase your assets without moving anywhere. The scheme is government backed and offers flexibility and an easier way to get onto the property ladder. And with almost all these homes being new builds, you can enjoy a touch of luxury at a price that’s just as easy.

Help to Buy

Another way in which you can get yourself on the property ladder is through help to buy. This scheme is by far the most popular and with a range of city apartments as well as 5-bedroom family homes available, there’s a lot to love about help to buy. This scheme means you only have to put down a 5% deposit on the property and then you will also receive a 20% equity loan from the government. This loan carries zero interest for the first 5 years and means you have plenty of time to sort your finances before paying it back. Help to buy also offers a 40% equity loan meaning you will only have to find a mortgage for 55% of the purchase price. This is great news for first-time buyers looking to get on the property ladder without having to pay monumental prices for a minimal flat or apartment. In fact, there are plenty of homes from houses for sale in West London to apartments for sale in Maidstone.

Commuter towns

Another great way to get on the property market is through commuter towns. Commuter towns are great as they are built around the busy lives of young professionals and offer plenty of amenities to suit their lifestyle. With green space being a vital part and plenty of sports centres, you’re guaranteed a healthy and balanced lifestyle. And with a plethora of bars, restaurants and cafes, you can eat out to your heart’s content. Commuter towns also offer a range of housing schemes with shared ownership homes in Surbiton providing quick trains to the city and idyllic suburban life. With plenty of regeneration schemes all over these areas you can enjoy great quality of living and plenty of new enterprises as well as job opportunities.

With plenty of ways to get on the property ladder, buying a home in 2022 needn’t be difficult. Whether you’re looking to buy this year or simply planning ahead you can get something that suits your lifestyle as well as your budget.

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