The Struggle of

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A secure place to Live brings wellbeing and for nearly all individuals, is the fundamental factor in their lives. Yet more and more in London, people are struggling to secure a nice place to live that fulfils their work and family requirements while at the mercy of sky-high rents, exploitative landlords and a ‘profit from home’ culture.


Since the UK Financial crash in 2008, the average deposit to buy a property has risen by 276 percent and home ownership in Britain has dropped to 64 percent (which is the lowest level in 30 years). These days there is a 20 percent to 30 percent deposit required for a mortgage, which is probably 11 million people rent their homes. And a new YouGov poll predicts private lets will rise from 21 percent to 24\% over the next 4 years.
So can our young people be expected to get on the property ladder in London?
Is, there are a lot of Mortgage Advisors and London Mortgage Brokers out there who can offer guidance and advice. For all those living and working in the capital, it’s crucial to speak with a mortgage broker/advisor to assess your options, see what mortgages and schemes are available, which places are affordable and of course, to look at realistic repayment strategies.

London areasin the south and southeast, we are currently seeing a massive influx of first time buyers. Areas like Eltham, Sidcup, Mottingham, Bromley and Croydon are currently showing potential and offering a glimpse of hope for the ‘Generation Rent’. Mortgage Broker Sidcup and mortgage advisor Canary wharf have been reporting increasing interest from time buyers in their areas.
Croydon is Now described as a hot spot showing huge growth in starter homes and regeneration, which is not surprising when you consider homes in the region are # 185,000 cheaper than the average of the capital. The area has a fast growing culture due to office space for rent, which in turn is currently drawing young creatives.

Over the next couple Of years there are also thousands of housing developments planned with a few of those part of the Government’s ‘Help in the Croydon area to Buy’ scheme, offering loans of 40 percent of the properties value reducing a deposit requirement.

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

So, perhaps London’s Future isn’t that bleak after all!
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