First-Time Buyer Funding

Posted on 13th November 2018

Purchasing your first property can take years and years of saving for and can be the biggest purchase you make in your lifetime. It is, therefore, never too early to plan how this will be funded. With current incentives in place such as, Help to Buy Schemes and the abolishment of first-time buyer Stamp Duty Land Tax, more younger people are being encouraged to purchase property and get onto the property ladder, with the help of your Conveyancing Solicitors in Preston.

Why choose MG Legal Solicitors?

Transparent fees.

Our solicitors offer their services on a clear fixed-fee or hourly rate, and accept personal injury claims on a no win no fee basis.

We are the experts.

Here at MG Legal, our team of friendly solicitors are fully-qualified and have over thirty years' experience in helping clients just like you.

Regular communication.

When you work with MG Legal, your solicitor will be in regular contact so you have step-by-step updates.

Multiple office locations.

If you are looking to instruct our solicitors, we have offices in Garstang, Longridge, Lancaster, and Lytham for your convenience.

Fixed-fee Conveyancing Solicitors:

MG Legal's leading Conveyancing Solicitors in Preston offer all of our Conveyancing services on a clear, fixed-fee rate.

Our team put your first, and work with care to ensure that your wishes are met. Call us today on a free, no-obligation basis at: 01772 783314

Get in touch today to speak to our Conveyancing Solicitors in Preston.

A Yopa analyst, Mike Scott, concluded that the number of first-time buyers has more than doubled since 2009, however, with ever-growing house prices, MG Legal, your Conveyancing Solicitors in Longridge, can see why many more are now reliant on other sources of funding, as well as their own savings.

Recent research has found that more and more first-time buyer purchases are being aided by gifts from relatives or inheritances. Since 1996, there has been a 7% increase of those reliant on gifts and inheritances being used to aid house purchase deposits, with 29% waiting for such funding before purchasing in 2016.

The research found that savings is still the most predominant form of funding, however, gifts and inheritances are on the rise in assisting with Help to Buy ISAs and mortgage funds. Thus being a further help for first-time buyers to take the step in purchasing their first property.

At MG Legal, your solicitors in Longridge, we understand that purchasing a property is a major outgoing, so, why let legal fees be an added inconvenience? Your Conveyancing Solicitors in Preston can offer you a fixed fee quote from the outset, together with an excellent service.

Contact your solicitors in Longridge today, at property@mglegal.co.uk, or on 01772 783 314, for assistance with your conveyancing queries.

Do not forget to also enquire with our Conveyancing Solicitors in Preston about our NO-SALE-NO-FEE offer.