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Evening Standard
Evening Standard
Business
Ruth Bloomfield

London first-time buyers: ‘Lockdown savings and government-backed ISAs helped us escape the rental trap’

Lauren Cotter and Lee Galvin at

(Picture: PR handout)

When Lauren Cotter and Lee Galvin celebrated their ninth anniversary in April, they were able to do so in a home of their own for the first time.

London property prices being so high, the couple had all but given up hope of making it on to the property ladder — in the years before the pandemic they had managed slowly and painfully to save £3,000 or £4,000 towards a deposit, but were struggling to build up anything like a big enough cash reserve to make buying a realistic option.

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