FTB’s should douse the flame to climb the ladder
What’s the best way for first time buyers to get a foot onto the housing ladder? The answer… By giving up smoking (that’s if they smoke in the first place of course).
According to a recent study by a leading UK investment firm, smoking FTB’s have the means to save any additional £3000 per year, by simply kicking the habit. The study further revealed that the vast majority of struggling first time buyers would pretty much do anything, in order to gather a little extra cash to put towards their first home and for the percentage that smoke, the incentive to quit is therefore substantially increased.
First time buyers are further helped in their quest to quit by the recently introduced smoking ban. Recent surveys have shown that heavy smokers have found the quitting process to be 45% easier as a result of the public ban, so coupled with the additional incentive to buy a home, FTB’s should find kicking the habit a doddle.
A separate study has also discovered that smoking is one of the biggest financial strains for many Brits, with approximately 60% of indebted consumers admitting to being active smokers.
