Industry News
FTBs 'to benefit' from improved confidence March 9, 2010
The number of first-time buyers (FTBs) entering the property market could be set to surge as a result of increased confidence and favourable mortgage deals, an expert has suggested.
It was recently revealed by Moneyfacts that the number of high loan-to-value packages - where the buyer would only have to pay a deposit of between zero and 40 per cent - grew to 1,798 at the beginning of this month.
This figure is six per cent higher than at the start of February and 68 per cent higher than at the same time in 2009.
And according to Ben Wilkie, editor of What Mortgage, the statistics show that lenders are starting to become less cautious.
"[The mortgage deals] really should help first-time buyers, because even to get a ten per cent deposit is hard enough and to get any higher than that is outrageous, for many people," he added. 
© Adfero Ltd
Recent News
| Date | Heading | Category |
|---|---|---|
| 9 Sep 10, 17:37 | Wales road investment to create 600 construction jobs | [Planning] |
| 9 Sep 10, 17:29 | Biomass 'is not a low-carbon fuel' | [Environmental Issues] |
| 9 Sep 10, 13:33 | Prince Charles invites public to eco-living festival | [Self Build] |
| 8 Sep 10, 17:45 | Older people 'cannot afford to fix homes' | [Self Build] |
| 8 Sep 10, 17:36 | Contractors set to bid for £400m schools project in Wales | [Planning] |
