First time buyers

Over the past few years, the property market has been moving very fast and has led to significant fluctuations in property prices. This has made it very difficult for many people to afford to buy a home. This is a problem particularly faced by first time buyers.

Getting on the ladder

It is, however, still possible for first time buyers to get onto the property ladder and there are actually some advantages to being a first time buyer:

  • interest rates are at their lowest for more than 30 years
  • first time buyers are more appealing to sellers because they are not in a chain - not part of a long list of people all dependent on each sale in a chain going through on time
  • first time buyers are much sought after by mortgage lenders

Affordable housing

The Northern Ireland Co-ownership scheme, which was introduced to help people who cannot afford to buy a home outright, may be able to help you get on the property ladder.

Useful links

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