With house prices rising at the fastest rate since 2007; soaring inflation and wage increases that can’t keep up, getting on the property ladder feels like a distant dream for many first-time buyers.
But there are things you can do to prepare. We ask some experts for their tips.
Jane King, a mortgage adviser warns against using buy now, pay later firms such as Klarna, Clearpay and Paypal, which allow you to pay in instalments when you buy something online.
King said: “Some lenders ignore this kind of credit, but if there’s a lot of it going through someone’s bank account they are a big no-no. Some take it as a sign that you can’t manage your finances, you can’t live within your means and