First-time buyers 'are driving mortgage advice market'

Call us on our free phone number 0800 587 0093

People Finder

Search AG

Share this site

My Ashton KCJ Bookmarks

Currently no favourites bookmarkedAdd this page to FavoritesCharacter limit exceeded! Limit:To delete the bookmark click on the title and drag out.Bookmark already exists!Custom titleDescriptionPlease fill in all required fields!

100smoothness

Warning: Invalid argument supplied for foreach() in /home/ashtonkc/public_html/modules/mod_cd_fapa/tmpl/default.php on line 56

First-time buyers 'are driving mortgage advice market' /resources/news/residential-property/1523-First-time-buyers-are-driving-mortgage-advice-market

Home > News & Resources > News > Residential Property > First-time buyers 'are driving mortgage advice market'

First-time buyers 'are driving mortgage advice market'

Research has indicated that large numbers of first-time buyers are currently seeking mortgage advice before embarking on their first steps on the property ladder.

A report by unbiased.co.uk, a professional advice website, shows that during March 2010, 40 per cent people seeking mortgage advice were first-time buyers.

With the base rate remaining at 0.5 per cent and the government raising stamp duty to properties over £250,000, now is a perfect time for new buyers to get into the property market.

March 2010 saw house prices rise by 1.1 per cent to an average of £168,521, according to Halifax, an improvement on February's slight decrease.

First-time buyers are not only helping the property market by taking advantage of the current financial situation, according to unbiased.co.uk, they are also the key driving force pushing the mortgage advice market at the moment.

Karen Barrett, chief executive of unbiased.co.uk said: "It is essential that both first-time buyers and those looking to remortgage seek professional advice to ensure they are making the best decisions for their individual circumstances."
ADNFCR-2347-ID-19731507-ADNFCR