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ARCHIVE: First Time Buyer purchases at highest level for six years

Latest research from the National Association of Estate Agents has found that house purchases by First Time Buyers are at their highest levels since August 2009. This was published on the What Mortgage website.

The figures show that 31% of house purchases were by First Time Buyers which is the highest level or six years and an increase of 11% in the last two months.

What this means for First Time Buyers

Adam Nanson, Managing Director of Your Mortgage Expert comments:

“There has been a great deal in the news recently about First Time Buyers. In particular around new Government schemes aimed at helping people get on the property ladder. This, together with competitive mortgage rates, mean that many people are taking the opportunity to get on the property ladder.”

“We’ve talked about this over the past few months on our website so you can read more about this here and here.

How Your Mortgage Expert can help

Adam Nanson continues:
“We regularly deal with people who speak to us about getting a First Time Buyer mortgage and we understand that getting that first foot on the property ladder can be difficult. We often hear First Time Buyers saying that they want to buy a home, but they don’t know how much they can afford. We also often hear people say that the whole mortgage process confuses them and they’re not sure where to start.

“Not only do we have access to the latest deals on the market, some of which are not available to First Time Buyers directly. We also have extensive knowledge of all the current Government schemes designed to give you a helping hand.

“By speaking to Your Mortgage Expert, you’ll get access to expert advice to help you work out how much you can afford to borrow, what your repayments would be and what type of mortgage is most suitable for your personal circumstances. And, if you need it, we can break down all the jargon so you understand whether to opt for a tracker mortgage, fixed rate mortgage or something more flexible.”

We don’t charge for the initial consultation, so by speaking to us, you are under no obligation. We are based in Salisbury, Wiltshire, but we can help you no matter where you live in the UK.

Simply call us on 01722 322683 or complete a contact us form on our website and tell us when it would be best to get back in touch with you.

You might also find it useful to read the dedicated First Time Buyer page on our website. Alternatively, read about First Time Buyers Zoe and Richard from Salisbury who bought their first home with the help of Adam Nanson from Your Mortgage Expert.

The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.

A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

Please note, if you click on the below links you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.
*Source: http://www.whatmortgage.co.uk/news/first-time-buyer-sales-highest-level-six-years/

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