First time buyers benefit from rate decision

08-Aug-2005

Following the decision of the Bank of England (BoE) to cut interest rates by 0.25 per cent, aspiring homeowners are being told to seize their chance to find a property.

Click here 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

Finding a mortgage should now be somewhat easier for aspiring first time buyers, because, a number of mortgage providers dropped their interest rates on their mortgage packages a few weeks ago, in expectation of a cut in interest rates.

Estate agents have already reacted positively to the cut, because they believe it will act as a catalyst to bring in more first time buyers to the market.

Click here to ask about the legal costs of house-buying or to ask a legal question specific to your own situation

And as the property market has stuttered in recent months, finding a mortgage will be easier for aspiring homeowners because mortgage providers have already been seeking out first time buyers in recent months with deals more tailored to the first time buyer market.

Click here for our first time buyers guide to buying a property

Click here for information on finding a deposit

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