Firs time buyers on the rise
According to recent figures, the number of properties being sold to first-time buyers are now back to the highs of 2008. With the added advantages of stamp duty relief for first-time purchasers up to £300,000 along with low mortgage rates, makes 2020 a great time for those looking to set foot on the property ladder.
The mortgage market is also helping with new mortgage products that can assist with financing such as the Barclays Family Springboard Mortgage. This type of finance means 10% of family savings can be used as the deposit or a guarantor for the mortgage. We have seen a real interest in these types of mortgages and the expert advisors at the Mortgage Company can help advise and answer any questions you may have. Also, the loan to value or LTV has also returned to 95%, so a 5% deposit is all you need to save to make your move possible.
We have a great selection of a first-time buyer property available across the region such as;
66 Bridge Street in Long Eaten. A two bedroomed Victorian semi-detached house for sale at £115,000
30 Manor Avenue in Stapleford a two Bedroomed mid terraced property for sale at £125,000
31 Granville Road, Beeston. A two-bedroom mid terrace property for sale at £175,000.
Now is a great time to start looking to move, particularly before the traditional busy period of Easter when there is more competition when it comes to placing in offers.
If you are a first time buyer and need any advice about mortgages, stamp duty, solicitors or any questions about the house buying process, pop in to any of our branches or call and we will be happy to help.
Happy house hunting 
