Rightmoves consumer confidence survey reveals that first time buyers are struggling to find first time buyer properties. So called first time property sellers are staying put, feeling safe with current interest rates keeping mortgage payments low. Rightmoves survey concludes that First-time buyers need ‘first-time sellers’
Miles Shipside director at Rightmove comments: “Finding somewhere to buy and being able to access the means to actually buy it are the two biggest concerns for first-time buyers. With interest rates keeping monthly mortgage repayments comparatively low and fierce demand in the rental sector keeping the monthly rents high, you can understand the frustration of many ‘trapped renters’ who would like to buy but simply don’t have the means to get over the deposit hurdles put up by lenders.”
First Time Buyer News
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The property suppliers are remaining put, feeling safe with current rates keeping home loan repayments low.
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Deciding on a particular property for investment is of crucial significance as your choice can make or break a deal in no time at all.
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With rates maintaining per month home loan repayments comparatively low and intense demand in the rental sector maintaining the per month rents high.
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