FTBs 'undeterred by economic climate'

21-Oct-2008

People are still looking to buy properties despite the credit crunch, new research shows.

The findings, compiled by Badger Holdings, show that first-time buyers (FTBs) are undeterred by market turmoil and instead see now as a great time to get on the property ladder.

Seamus Kavanagh, managing director for Badger Holdings, comments: "Good news... has been starting to emerge after recent announcements, including interest rate cuts, which will hopefully ensure that the worst is behind us."

Additional findings reveal that 20 per cent of FTBs want to be closer to their place of work, with ten per cent looking to get on the property ladder to have security when starting a family.

The latest available figures from the Council of Mortgage Lenders revealed that 42,000 home loans were approved in August 2008.

Nationwide recently reported that the average price of a house in the UK in September 2008 stood at £161,797, down by 1.7 per cent from the previous month.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

CML: Mortgage lending falls FTBs 'crucial to property market' FTBs must snap up mortgage deals

2012: May | Apr | Mar | 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