First Time Buyers Staying Away
Just 1 in 5 prospective house buyers is a first-time buyer, the lowest level on record and half the level needed for a stable housing market, accordign to Rightmove. First-time buyers are being priced out of the market by the large deposits they need to secure a mortgage. Without first-time buyers underpinning property chains, what will sustain prices?First-time buyers are increasingly needing a 25% deposit to secure a mortgage, compared with 10% prior to the financial crisis. 80% of first-time buyers under 30 need help from their parents to secure a mortgage and the average age of unassisted first-time buyers has increased from 33 to 37.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us 
Facebook
0 Comments:
Post a Comment
Links to this post:
Create a Link