In the last decade or so getting on the property ladder has been more difficult for first time buyer. With many having no choice but to stay at home if they want to try to save up a large enough deposit, to avoid having to pay high rent costs on a place of their own, the age that people are buying their first house is going up.
Add to this a lack of affordable housing suitable for first time buyers in the UK and you can see why there are so many people in their twenties and even their thirties still living with parents in the hopes that one day they will be able to afford a home of their own.
One option that is becoming more popular with first time buyers keen to own their own place is to build their own. Although this might not seem like the sort of option that is right for someone new to the property market, there are lots of companies that help with this such as these Solihull self build homes from Ifurb.
There are lots of options out there for people keen to get a foot on the property ladder to explore, and it is also possible to get a self build mortgage. If this is something that interests you, it is certainly worth researching what is available in your local area – how much you would have to pay for a plot of land, and speaking with a mortgage advisor about a self build mortgage.