People are having to take desperate measures and make plenty of sacrifices in their struggle to afford the deposit on their first property. Among these are Sarah Lennon, and Declan Butler, who moved back to living with parents in a bid to afford their deposit. This story is common among many young families all around Ireland.
Key Takeaways:
- Sarah Lennon and Declan Butler moved back in with their parents in order to afford a deposit on a new home.
- The cost of properties for first time buyers have left many young families having to make similar sacrifices.
- Sarah and Declan now hope to finally get pre-approval on a mortgage in January.
“Sarah and Declan have visited mortgage brokers and an adviser on EBS to determine how much they can borrow and hope to get pre-approval for a mortgage at the end of January so they can start viewing houses. In the meantime, the couple are trying to resist temptation to browse property online”