Estate agents turn to affordable homes market

14-Oct-2005

An increase in the number of first time buyers finding themselves priced out of the property market has led to calls for the property industry to focus on the affordable homes market.

For advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK’s leading High Street Brokers, Bradford and Bingley, click here

Estate agents have responded to this need and are increasing their services in this area, helping more aspiring homeowners to find a suitable property.

International estate agents Knight Frank believes that adapting the focus of the property industry is vital and has created an in-house affordable housing team to meet the needs of potential buyers.

Click here to see what properties are on the market in your area – whether you buy alone or with others

The team is responsible for brokering agreements between private firms, housing authorities and landowners to develop more sites for new houses, as well as providing advice and help to aspiring homeowners.

Other property firms, such as Savills, have also branched out in to the affordable property market, increasing the range of options available to potential house buyers.

This expansion in to the market follows increased calls for more action from the government and the housing industry to tackle the shortage of lower cost homes in the UK.

If you are interested in buying a new house within a 'gifted deposit' scheme whereby you don't need to come up with a deposit but just pay a nominal fee of £5000 click here

For our first time buyers guide to buying a property click here

If you want to post your comments on today's news in the FirstRung Forum click here

2008: May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar