The Struggle of

A secure place to Live brings overall wellbeing and for the majority of people, is the element in their lives. Yet more and more in London, people are fighting to secure a nice place to live that fulfils their work and family requirements while at the mercy of exploitative landlords, sky-high rents and a ‘gain from home’ culture.

Since the UK Financial crash in 2008, the average deposit to purchase a property has risen by 276 percent and home ownership in Britain has dropped to 64\% (which is the lowest level in 30 years). Nowadays there is a 20\% to 30 percent deposit required for a mortgage, which is probably 11 million people rent their houses. And a new YouGov poll predicts private lets will rise from 21 percent to 24 percent during the next 4 decades.
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Well the good news Is, there are a good deal of Mortgage Advisors and London Mortgage Brokers out there who will offer advice and guidance. For those living and working in the capital, it’s crucial to talk to assess your options, see what mortgages and schemes are available, which areas are affordable and needless to say, to look at realistic repayment plans.

Already in some of London areasin the south and southeast, we are seeing a massive influx of first time buyers. Areas like Sidcup Eltham, Mottingham, Bromley and Croydon are showing possible and offering a glimpse of hope for the ‘Generation Rent’. Mortgage adviser Canary wharf and Mortgage Broker Sidcup have been reporting increasing interest from time buyers in their areas.
Croydon is Now described as a hot spot showing growth are # 185,000 cheaper than the average of the capital. The area also has a fast growing tech culture due to office space for lease, which in turn is currently drawing in young creatives.

Over the next couple Of years there are thousands of housing developments planned with some of these part of the Government’s ‘Help in the Croydon area to Buy’ scheme reducing a deposit requirement.

Mortgages getting more complex, it’s always a good idea to seek professional advice. Simply research type a Google search; mortgage advisor Croydon / mortgage broker Croydon / mortgage broker Eltham / mortgage advisor Bromley / mortgage broker Bromley etc and then an area that’s affordable, pick up the phone and get the ball rolling.

So, maybe London’s Future is bleak after all!
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