Buying later, borrowing longer – finding the right fit

People are buying their first homes later and choosing longer mortgages to make repayments more manageable. Therefore, about 547,000 of those who stepped onto the property ladder in 2024 will still be paying off their mortgage in their 60s.

First-time buyers get a move on

First-time buyers are less sentimental about their first homes than previous generations according to a recent survey. 25% plan to leave their first home after just 4.5 years, often due to lack of space or affordability. Smaller homes and unfamiliar locations are the new norm. 

Why dedicated dressing room spaces are in demand 

Dressing rooms are growing in popularity, offering luxury and convenience. They can give your home a competitive advantage, potentially adding up to £40,000 to the property’s value. Neutral tones boost resale appeal, while personalised touches make the space uniquely yours. 

What are the biggest homebuyer concerns?

Buying a home is an exciting time, but it comes with stresses. The leasehold system is the fastest-growing cause for concern among homebuyers. Affordability is the main source of worry, with Stamp Duty and house prices cited as key challenges. 

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You are now departing from the regulatory site of Mortgage Options.

Neither Mortgage Options Nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

You are now departing from the regulatory site of Mortgage Options.

Neither Mortgage Options Nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

You are now departing from the regulatory site of Mortgage Options.

Neither Mortgage Options Nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.

You are now departing from the regulatory site of Mortgage Options.

Neither Mortgage Options Nor Quilter Financial Planning are responsible for the accuracy of the information contained within the linked site.