Latest News

How to Buy a House in Your 30s

23rd February 2017

Buying a house in your 30s can seem like something of a pipe dream. Media reports of increasing house prices, high interest rates for first time buyer mortgages and lack of housing have you writing off owning a home before you’ve even looked into it. Buying property seems like something your parents and previous generations could do; to you it appears impossible. The process of buying a house can also seem rather daunting too. But with some simple financial planning and/or support from the government, you could be on the property ladder in no time.


Essential saving strategies that help you become a homeowner

1) Savings: Set up a monthly direct debit from your current/main account to your ISA/savings account.  Synchronise it to come out on the day you normally get paid. You won’t really notice it leaving your account and even if it’s just a small sum, it soon adds up.

2) Financial planning: See a professional. A new set of eyes on your budget and goals will help clarify steps you need to make to achieve your homeowning dream. A trained personal financial advisor like those at IMC is able to give you bespoke advice whilst setting out a plan for you to live by and work towards.


Government schemes

The government is aware of how hard it is for young people to buy a house. The government provides several schemes to support you on your road to owning property:

Right to Buy: Right to Buy is for tenants in England, Wales and Northern Ireland who rent their home from their local council. It allows qualifying tenants to buy their home at a discount. The discount amount varies depending on where you live and the type of property you want.

Shared ownership: Shared ownership lets you buy a share of a home from the landlord, who is usually the council or a housing association, and rent the remaining share.

Help to Buy London: The Help to Buy equity loan scheme is a government scheme set to run until 2020. It’s available to first-time buyers as well as homeowners looking to move – but only for new builds.

Starter Home scheme: The Starter Home scheme is a new government plan where 200,000 new build homes are available to first-time buyers under 40 years-old with at least 20% off the market price.


To explore ways at getting onto the property ladder with a clear and manageable financial plan, speak to one of our team today, we would love to hear from you:

Tel: 020 3761 6942
Fax: 020 8392 6112

Return to news page
Gold star Gold star Gold star Gold star Gold star
"We really like the people and services provided at IMC. We've been using them for 6 years and they are incredibly helpful and attentive. Really Great!"

Richard Curen , Nov 2018

Independent review from Google
Gold star Gold star Gold star Gold star Gold star
"Totally recommend Excellent company to work with, Jacqueline Elliot has dealt with numerous mortgage reviews for us and always reminds us in plenty of time to renew and make the proceeds as easy as possible. Can not recommend highly enough."

LeighM-33 , Dec 2018

Independent review from Yell