Fund turns first time buyers east

08-Jun-2005

First time buyers looking to avoid the high cost of buying British are being enticed to look to eastern Europe to get onto the first rung of the housing ladder.

Aspiring homeowners looking to purchase a property are increasingly looking to buy-to-let in foreign countries, where prices are often lower than in the UK, as a way of getting onto the property ladder.

Click here to find out how to get onto the property ladder by buying to let somewhere else

And now that trend looks set to expand into Bulgaria and Romania after the launch of the Puma ll Growth fund, run by stockbroker and investment bank Shore Capital.

The move will provide aspiring first time buyers with a new destination for their buy to let purchases, as the countries are not often considered as the first place people think of when looking to buy abroad.

Click here to ask about the legal costs of house-buying or to ask a legal question specific to your own situation

Purchasers are able to get a stake in the property fund for as little as £10,000.

Click here for advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK's leading High Street Brokers, Bradford and Bingley

Click here for our first time buyers guide

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