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The figures now indicate that it now requires a higher percentage of take home pay to cater not only for the buying cost, but also the cost of servicing a mortgage.  In effect, for the first time buyer £32,000 is required for an average home purchase.
 
Despite the Government's good intention, with the provision of affordable housing, this unfortunately not meeting the current demand.  As it stands, over the last three decades the demands for housing in the UK has increased by 30% while in comparison the building rates has decreased by 50%.
 
What does this mean to you, the average first time buyer? This means a more creative approach to the market now has to be adopted in order to get on the rung of the ladder.
 
My First Home Limited has evolved with a view to adopting a holistic approach to the whole process of home buying.
 
As a result, we source bargain properties from property brokers, developers and private vendors. 
 
With the right deal in place, we look to ensure that your deposit and stamp duty is covered in the process.

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