There's a new website that's coaching its prospective first-time buyers through the whole process of buying a home.
On FirstHomeCoach’s digital platform, users can calculate how much to save up monthly for the deposit to achieve their homeownership goals within their chosen timescale.
It also helps them improve and build their credit score, guides them through the mortgage process, assists with house hunting and then offers support in finding a solicitor. It even provides guidance on home insurance and moving into the new home.
Currently available online, and soon-to-be launched in app stores, the platform is aimed at those homeowners who might lack knowledge or confidence of the house buying process, have a poor credit rating or who are struggling to save for a deposit.
According to FirstHomeCoach, it helps people to use data to help themselves. The company behind the new digital platform has already won a Government-run challenge to create a digital solution to help rent to be recognized on credit reports, scooping £100,000 of funding to help develop its platform as a result.
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