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Thursday, 22 April 2010

First Time Buyer Levels Lowest for 17 Years

The number of first time buyers fell to a 17 year low in 2009. Just 347,000 first time buyers took out a mortgage last year. This figure is 100,000 below the prevous low in February 1993 and is half the 700,000 in the year ending April 2005 and below the averagw of 561,000.

This fall can be largely attributed by the tightening of lenders' restrictions, with larger deposits being demanded for first time buyers with best rates reserved for those borrowers with a deposit of 60% of more.

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Operating since 1998 and having bought over 3,500 properties, Quick Move is the largest and most respected quick house sale company in the UK. We offer a service for anyone looking to sell their house fast. We will buy your house for cash, often within 7 days, ensuring a quick, secure and efficient house sale. Our service also offers certainty to house sellers - when we commit to buying your home, we will set a completion date to suit your timescales so you have the comfort of knowing that your sale will go through on the date you require.

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