BBC's Steph McGovern backs 2014 to be the year of the home buyer

Next year will see home buyers gain a huge financial advantage as the government looks to growth in property as a way of boosting the UK's economic prospects. 

These are the words of broadcast journalist Steph McGovern, who covers business for BBC Breakfast alongside her work as a financial reporter for a number of the institution's radio and TV productions.

Ms McGovern was one of a number of financial experts asked by to pledge their money-saving tips and predictions for the economy in 2014.

The 31-year-old said the best bit of business that Brits will make next year is to purchase a home, as the coalition looks to boost economic growth through the flourishing property market.

One of the initiatives which has helped people get their first foot onto the property ladder is the Help to Buy scheme, reports Through the programme, home buyers can contribute as little as five per cent to the price of their property, with the remainder of their deposit being made up in an equity loan from the government.  

“The government seems to be pegging its hopes on the housing market helping the economy and I think home buyers should be able to take advantage of this,” commented Ms McGovern.

Many Brits are biding their time in rented accommodation as they look to save up enough money to afford a deposit on their home. However, such advice from financial experts may encourage them to search for the cash sooner rather than later.