A recent Home Sale Network survey has found that
first time buyers continue to enter the UK property
When asked whether there was an increase in first time buyers in
2011 compared to the end of 2010, over a third (35%) of respondents
indicated that they had seen an increase.
A specially selected, national network of independent estate
agents across England, Scotland and Wales, Home Sale Network is
able to provide a good indication of the number of first time
buyers around the country that are currently entering the UK
62% of survey respondents named a lack of mortgage deposit as
the biggest influence in preventing more first time buyers from
entering the market. A further third of Network members reported
that it was a lack of mortgage availability that was preventing
some first time buyers from home purchase.
Tom Reynolds, Director of Thomas James, the member of Home Sale
Network in local area said, “This survey suggests that although
the mortgage market continues to be a challenge to first time
buyers, many are finding new ways to be able to afford their first
home, whether it’s buying a property with a friend or a family
member and so now is a good time to get on the property ladder.
“If you are a first time buyer then contact Thomas James
today. As a Home Sale Network member, we are Nottingham’s Local
Expert and can help you find the right property.”