A First Time Buyer
The average income across the UK is just £24,000 gross! That’s £1,500 a month net!
The average rent is £830 p/month after food, petrol, insurance, utilities etc that leaves nothing to save!!
Let’s assume they were able to save £200 a month!
The average house price is £157,000, the average deposit required is 25%
That means it would take a young person 17 years to save the £40,000 deposit required
It also means that with a current mortgage multiplier off 3.5 salary they would still be short £33,000!!
Which means the average young person will still be living with their parents at the age of 35!!
If the parents joined and made £200 a month with Telecom Plus / Utility Warehouse they could get rid of their kids in half the time!!!!!
Now that’s something to think about!!!
If want to be in control of your future call Juswant Rai right now on 07917 105134 or email him on info@thefutureispurple.com




