A 28-year-old woman has revealed how she was able to purchase her first home at the age of 22, with top tips on how first-time buyers can save up enough money for a deposit for a property of their own. With analysis from Halifax concluding that the average age of a first-time home buyer in the UK is estimated to be at around 32 years old, and with the average cost of first-time homes up by 13% in 2022, purchasing a property for the first time has become increasingly difficult for young people.
However, while saving for your own home may seem like a daunting prospect, those who have been able to buck this trend and make this life-changing purchase at a young age are proof that this goal isn’t impossible. To provide some tried and tested tips to help Brits save for their first home, CashLady.com have partnered with Lauren Simpson, aged 28 from York, whose savvy saving techniques allowed her to save up enough money for her first home at only 22 years of age.
She said: "I bought my first flat with my partner at age 22. I feel so lucky that I was able to do so at such a young age, and almost seven years on, we’ve even been able to purchase our own house! It seems like right now, it's more difficult than ever to get on the property ladder, but I used a number of saving tips to put down a deposit.
