Prefabricated Timber Frame Homes for 1st time Buyers

Editor’s Note: This post was originally published on 4 March 2014 and has been updated with up to date content for July 2024.

Entering the housing market for the first time can be both exhilarating and daunting. As a first-time buyer in the UK, understanding the latest interest rates and the Bank of England’s base rates is crucial for making informed decisions. This blog aims to provide an informative guide to help you navigate this significant financial milestone as well as the available options to first-time buyers, including prefab timber frame home kits, that may not have been considered.

The current housing market landscape has seen significant fluctuations over recent years. While house prices have generally trended upwards, as of mid-2024, the market is experiencing a period of relative stability.

As of July 2024, the Bank of England base rate stands at 5.00%, reflecting recent efforts to curb inflation and stabilise the economy. The Bank of England base rate is the benchmark for most lenders in the UK. When the base rate rises or falls, mortgage rates typically follow suit.

According to HM Land Registry, in England as of January 2024, the average property in the UK was valued at £299,000. Many banks prefer first-time buyers to have a 10% deposit in 2024. This would mean an amount of £29,900. First-time buyers might be asking, how else could I invest my money into property of my own?

Vision is proud to offer prefabricated timber frame homes from as little as £26,751 Excluding VAT making home ownership more accessible. Our timber frame kit homes come pre-designed yet adaptable to meet specific client needs. The layouts are customisable to fit various budgets and plot sizes.

Here are some of the kit house options Vision has available.

Timber Frame House Kit 09 Front View

Kit 09 – Timber frame single floor 2-bedroom bungalow of 77 sq. mt’s total floor area costing £26,751 Excluding VAT.

Timber Frame House Kit 05 Front View

Kit 05 – Timber frame two-storey 2-bedroom house of 120 sq. mt’s total floor area costing £40,800 Excluding VAT.

Hocketts House Kit 17

Kit 17 – Timber frame 3-bedroom house of 170 sq. mt’s total floor area costing £45,964 Excluding VAT.

Timber Frame House Kit 08 Front View

Kit 08 – Timber frame single floor 2-bedroom house of 156 sq. mt’s total floor area costing £53,040 Excluding VAT.

At Vision, we believe that everyone deserves the opportunity to own a high-quality, sustainable home. Our prefabricated timber frame kit homes offer an affordable, versatile, and eco-friendly solution, perfect for first-time buyers. With our factory in Beenham, West Berkshire, you can witness your new home being crafted with care and precision.

Speak to us today to learn more about how we can help you achieve your dream of homeownership. Our team is ready to answer any questions and guide you through the process. Discover the benefits of our timber frame homes and take the first step towards your new, affordable home.Contact Vision now to find out more about our offerings and how we can tailor a solution to meet your needs. Your dream home is just a conversation away.

If you would like to speak to Vision regarding your own prefabricated timber frame house project, you can contact our team on 01189 712181 or email us at info@vision-dsl.com.

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