15
Jun
Confidence shown in mortgage market
First-time buyers are finding that there are more loans available
for them on the market than there have been in recent months,
according to managing director of FirstRungNow.com Helen
Adams.
The property expert suggested that Halifax is one example of a
lender which has made higher loan-to-value mortgages available, and
she predicted that "other lenders will follow suit".
Indeed, Ms Adams made a number of positive comments regarding the
current state of the property industry, particularly in relation to
first-time buyer prospects in the coming months.
"I think the government, which continues to put money into HomeBuy
schemes is making a reasonable effort to help people find solutions
which require smaller mortgages," she added.
Her sentiments echo those of the National Association of Estate
Agents, which last month stated that first-time buyer confidence
has returned to the housing market after a relatively quiet period
for them.
