Alliance & Leicester Mortgage study shows outlook for homebuyers
www.moneynews.co.uk > Mortgages > Alliance & Leicester Mortgage study shows outlook for homebuyers
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Money News |
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Alliance & Leicester Mortgage study shows outlook for homebuyers
Fri 21st Jul 2006
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New research has suggested that while many people aim to save for two years before putting a deposit down on a new home, first time buyers often find themselves with a shortfall of around £5,000.
The difference between the amount that first time buyers would like to have and the amount they can save in two years was found to be significant.
Alliance & Leicester suggests that people either save more or save for longer before making a deposit payment.
Richard Taylor, head of mortgages at Alliance & Leicester, commented: "To turn dreams into reality it's a good idea to plan and budget carefully – trying to cut back on luxury expenditure, like takeaways and expensive nights out, will all help to achieve their dream more quickly."
Alliance & Leicester also offers current accounts, personal loan and savings products.
Related News : Mortgages |
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Related News : Alliance & Leicester |
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