Survey: 24% settle for second best property

11-Aug-2009

First-time buyers are likely to be among those who feel they are settling for second best when it comes to their home.

A survey by Abbey revealed that for many Brits, a dream home remains a fantasy – with 24 per cent stating they had settled for accommodation which was not their number one choice.

Some 22 per cent also stated they were not living in their preferred location.

Head of Abbey bank accounts Gillian Almond explained settling for second best in a major area of life is usual for most people.

"Some of these can be difficult and time-consuming to put right, other elements of your day-to-day life can easily be put right," she noted.

People looking to get their foot on the first rung of the property ladder could visit a mortgage adviser to see what options are available to them.

They may also be able to seek parental help in getting the money together for a deposit or look into joint ownership with someone else.

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