First time buyers boosted by prices

11-Jul-2005

Aspiring homeowners have been given a major boost, after it was revealed that house price inflation is to be outperformed by earnings.

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Figures released by Halifax found that house prices increased by just 0.1 per cent during June, and the firm also forecasts that earnings will outgrow house price inflation during the second period of 2005.

That means those aspiring homeowners struggling to find a deposit will have a better opportunity to get the money together, as prices will no longer be growing faster than people can save.

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

Aspiring first time buyers have been kept off the first rung of the property ladder in recent years because of skyrocketing house prices, but now finding a mortgage might become easier for first time buyers, especially as many lenders are keen to get more first time buyers into the market.

Click here for further information on finding a deposit

Click here for our first time buyers guide

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