According to the latest figures from RightMove, the year has started positively for First Time Buyers. Not only are there more First Time Buyer appropriate homes available. Prices for properties suited to First Time Buyers are also pretty much static year on year. This was reported on the What Mortgage Website in January*.

The figures show that, there are 6.6% more properties with two or fewer bedrooms on the market this year compared to last year. And, that First Time Buyer prices only increased by 0.1% year on Year.

What this means for First Time Buyers

Adam Nanson from Your Mortgage Expert comments:

“For years, many First Time Buyers have struggled to get their foot on the property ladder. Now though, with prices more static and with more choice at the bottom of the property scale, things might be looking up.

“Added to this, we have the new Stamp Duty rules that came in December 2014. This means that First Time Buyers purchasing at the bottom of end of the housing scale are likely to pay less Stamp Duty.”

How Your Mortgage Expert can help

Adam Nanson continues:

“We are experienced with helping First Time Buyers. Not only do we have access to a range of deals, some of which may not be 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 appropriate 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. So why not get in touch and take that first important step. We are based in Salisbury, but we can help you no matter where in the UK you are based. 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.

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cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation.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/good-news-first-time-buyers-impending-stamp-duty-increase-takes-effect/

Tags: First Time Buyer, Help to Buy