Shared ownership can put you on the ladder quicker than you think (Image: Getty Images)

Despite the gloom of the economy, many of us are optimistic about eventually buying a home if we believe the research.

According to an exclusive survey by the Media Planning and Buying Agency, 60% of UK employers aged 25-45 believe they will one day own a place, and 89% want to buy their first home. In the next 18 months, I believe this can be achieved.

Not surprisingly, accessibility is the biggest barrier to employers climbing ladders, with 70% of respondents naming it and 62% actively depositing but able to shop. Up to 40 years.

However, those who buy in 18 months expect to get the key to their front door completely at the age of 32, eight years ago.

Happy young couple moving into a new apartment

This scheme will allow you to buy your first home at a more affordable price (Image: Getty Images).

This may be due to the fact that they are already considering purchase options and have realized that co-ownership can put them on the ladder much faster than expected.

And when equity support stops in March, co-ownership is the first thing all prospective buyers need to know.

Co-ownership solves affordability by significantly reducing loans and deposits compared to buying on the open market.

That means you don’t need as high an income or as strong a deposit.

As the name implies, you can buy stocks instead of lending a house with a combination of 100% deposits and a mortgage.

Depending on the individual financial situation, this participation is from 25 to 75% of the total market value, but this minimum participation can drop to 10% in some cases.

It will be returned with a mortgage and the rest will be covered by the monthly rent.
Building-and-loans can subsequently acquire more shares in stages.

And you only need a 5-10% deposit for this first action. It can be much less than £10,000 as our home rally shows.

With so many shared property developments in the capital, there is little chance of compromising on location. This is a factor that affects 70% of Londoners, but two in five are willing to travel 11 miles to buy their current home. property.

Nearly three-quarters of Londoners want to live close to transport, compared to 32% in the UK. On the other hand, 44% are seriously considering new homes, with energy efficiency seen as the most attractive feature as fuel costs rise.

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