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Essex’s aspiring homeowners say they can’t afford to buy a home

23rd October 2019
Posted by Aston Avery

Getting on the property ladder for aspiring homeowners seems to be getting harder and harder as time goes on. In Essex, two-thirds (66%) of 18-40 year olds looking to buy a home say they just don’t think they can afford it. Yet, expert analysis finds that nearly a third (32%) feel they’ll have to leave the area to get a house, whereas actually they should stay right where they are.

Wayhome, the new way to gradual homeownership in the UK, has identified twenty six postcodes within Essex and the surrounding area as among the best in the country to assist people in getting on the property ladder. The places identified included: Brentwood, Chelmsford, Colchester, Grays, Romford and Southend.

This will be music to the ears of the 54% that worry they’ll be ‘trapped renting forever’ and help speed up the process of stepping on that first rung for the 46% who worry they’ll be working to pay off their mortgage forever as they’ve left it too late.

Aston spoke to Johnny Morris, chief data officer at Wayhome to discuss frustrations amid Essex’s wannabe homeowners and why they shouldn’t be as worried as they are.