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Given the price of property and the size of deposit needed to obtain a mortgage, it is no surprise that many first-time buyers require assistance in stepping on to the property ladder. There have been steps taken by the Government to provide help to these buyers and of course, if the Bank of Mum and Dad is available, this support can make all the difference when it comes to buying a home.
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Any change to the property or letting market in the UK is invariably met with groans and displeasure. Even with most people saying that the current systems are not working and that there is a need for improvement, there is often a fear of change making things worse. This is why many people prefer the status quo as big changes could see them losing out or being made worse off.
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