First time home buyers are in a race to get their first home before stamp duty increases in April. These could cost thousands extra.

It is not surprising that many buyers will not be able to make it onto the property ladder without help from their families. Almost £10 billion was given by parents, grandparents and even brothers and sisters to help buyers to get their deposits together last year.

The average first time buyer is now more than 30 and has to find £30,200 for a deposit. Many parents cannot afford to make such generous gifts, but they may be able to help with a family offset mortgage, or provide free lodgings while their children are saving. They may also be able to act as guarantor without putting money forward.

Shared ownership may be another option. Buying at auction can give access to bargains, but it needs lots of research.

There is not much time, and estate agents are already reporting that more people looking for a new home.

Good luck.

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