Making the decision to buy a property anywhere can be hugely daunting, and that’s before you factor in properties with a London price tag. The average price of a property in London stands at £696,453 at the time of writing, meaning that a 10% deposit stands at an eye-watering £69,600. Still, London’s allure remains strong for every market player, from first-time buyers to investors. And where there is a will, there’s a way! So, if you’ve set your sights on affording a London property, then Skyline Mortgage Consultants are here to help you reach your ultimate goal of owning your own home in the capital.
Mortgages
Three in five first-time buyers depend on the bank of mum and dad in order to get onto the property ladder, according to research by Just Group. In the last five years, 61 per cent of FTBs relied on financial help from relatives in order to purchase a property. In comparison, just 20 per cent of FTBs relied on financial assistance from relatives 30 years ago.
