Young professionals compromise on first home

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Young professionals are having to make compromises on the type of property they buy in order to get a foot on the property ladder, according to Standard Life Bank.

Standard Life Bank’s Professional Compromise Report claims professionals are compromising in areas such as space and quality of a home in order to afford their first house. A large number of those surveyed say they will not make the same level of compromises when buying their second home. The research says that 29% of young professionals have compromised on the location of their property in order to buy, while 26% went for a smaller property than they would have liked. More than one in five say they bought a home that needed improvements. However, young professionals say they will not c...

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