Intimidating purchase process holds back buyers, says Comparethemarket.com

Out of 2,200 adults who took part in a survey commissioned by comparethemarket.com, thirty-three per cent predicted that they would never own their own home.

The survey was conducted with people who have never owned a home and the results demonstrate how hard it is for first time buyers to get a foothold on the property ladder. Simon McCulloch, Commercial Director of comparethemarket.com, said "home ownership has always been a great British aspiration but these statistics demonstrate the challenge first-time buyers face in making that dream a reality." He added "whilst prices remain very high, it is clear that this isn't the only hurdle. The whole buying process can be intimidating, particularly to first-time buyers. Fears around hidden fees, dealing with estate agents, lawyers, surveyors and mortgage companies are real and strong enough to put off people from trying to make a purchase."

At Daniel Cobb we aim to replace feelings of anxiety with excitement, as we pull out all the stops to make sure your property purchase runs as smooth and easy as possible. We will guide you through the process from the first viewing right through to completion. Choosing from our fantastic portfolio of central London properties for sale you'll not only find a great place to live, you'll also make a valuable property investment. Call us today for an informal chat about buying your first home.

For information on buying a property in the capital, if you're a first time buyer read Tips for first time buyers of London property. The article What is leasehold and freehold property? is also worth a read to get an insight on the type of property best suited to your needs. 

"Demand for rented homes looks set to increase in the coming years as a third of those who do not yet own their own home believe that they never will, new research shows."

https://www.ukinvestornetwork.com/no-end-to-rising-demand-for-rented-homes/