Home Buyers Nervous

‘A survey from the Building Societies Association (BSA) has found that one in four prospective first-time buyers believe it will take them at least a decade to have a deposit in place.

The BSA’s quarterly property tracker said that before the financial crisis in 2008, 88% of first-time buyers were able to raise a deposit in five years or less.

However, now only 62% believe they will be able to save in the same timeframe. Around 59% of respondents said saving for a deposit was a barrier to buying a property in December, down from 62% in September and 64% in December 2011.

The survey also showed that it is now easier to secure a mortgage than at any time in the past four years as borrowing rates have reached a five-year low and planning approvals have climbed. The BSA said that about 45% of respondents said mortgage access was a barrier to home ownership, compared with nearly 60% last year.’

Source: The Daily Telegraph



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


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