First Time Buyers News from Rightmove

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