Posts with tag: sacrifices of aspiring homeowners

Although the Help to Buy scheme has been fairly successful, owning a home is still far out of reach for many 18-34 year olds.

One of the hardest things to conquer is raising the substantial deposits required for purchasing a property. What House? has revealed some of the most common steps taken by aspiring buyers to save the thousands of pounds that they need to get onto the housing ladder.

The Top Ten Sacrifices of Prospective Homeowners¹

1. Cutting down on socialising and meeting friends – 47%

2. Going without a holiday – 44%

3. Not eating out – 42%

4. Taking on another job or extra shifts – 34%

5. Cutting back on essentials – 29%

6. Giving up expensive hobbies – 21%

7. Walking instead of using the car or public transport – 21%

8. Moving back in with parents – 19%

9. Selling possessions – 14%

10. Putting a wedding on hold – 7%

¹http://www.whathouse.com/news/article/54ec80684031b93e49ec2d18/What+are+the+top+10+sacrifices+prospective+homeowners+make+to+save+a+deposit%253F