AWARD-winning estate agents William H Brown, part of the Sequence Group, has recorded a 30 per cent increase in the number of first-time buyers applying for mortgages so far this year, compared to the same period for 2011.
“The fact that more prospective buyers are seeking mortgage advice in order to buy a home is great news for the housing market,” said Amanda Marshall, mortgage services consultant.
“Since this time last year, we’ve seen an increasing number of home buyers coming in to discuss their mortgage options and see what properties are available to them.”
William H Brown is continuing to see a high number of first-time buyers in the market despite the end of the Stamp Duty exemption holiday for this group. It is clear from the figures the appetite to buy a home for the first time remains strong which is good news for home movers, especially those with first-time buyer properties.
“Although there are still challenges for first-time buyers looking to purchase a property, there are also opportunities out there,” said Jo Rix,
“Access to, and availability of, affordable first-time buyer mortgages, combined with good mortgage advice is key to maintaining the current high levels of first-time buyers we are seeing.”
According to figures, home movers seeking mortgage advice have also increased, jumping 11.7 per cent in April 2012 compared to April 2011.
If you need mortgage advice and want to speak to Amanda or Jo, mortgage consultants, call 01945-464451 or 01354-654545 or email email@example.com or firstname.lastname@example.org