First-time buyer advice may rise as demand up 24%

26-Jul-2010

Published by Helen Adams

First-time buyer advice demand may have risen this year, as recent data shows the total number of people seeking home purchase loan guidance rose 24 per cent since 2009.

Up one-quarter on the same period last year, the data from unbiased.co.uk may indicate loans are becoming easier to secure for first-time buyers.

Karen Barrett, chief executive at the financial adviser website, commented: "Our latest statistics are a very clear sign it is not just the market that is on the way to recovery but that consumers are back, actively seeking to explore their mortgage option."

For some first-time buyers, this may mean alternative credit routes such as joint ownership or shared equity house purchasing.

The British Bankers' Association published figures for high street lending on Friday (July 23rd), showing annual growth in the sector's net house purchase loans is 4.1 per cent, compared with 1.1 per cent for the whole mortgage market in May.

If you want first time buyer advice - this is the right place where we have information on shared and joint ownership and shared and joint ownership mortgages - all the first time buyer advice you could want.

First-time buyers have 5% less choice
90% loan-to-value mortgages 'hard to get approved'
First-time buyer mortgages 'at lowest level since 2008'

2012: Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | 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