Bright future for wealthy FTBs
Graduates about to begin their professional career in high earning jobs are in a good position to secure mortgages for professionals, it has been suggested.
According to Paul Holmes, chief executive officer of first-time buyer (FTB) solutions firm Firstrung, Britons saving up for their first mortgage are in a good position, despite the economic downturn.
House prices will continue to fall into the new year while potential FTBs are saving up for their deposit, he said.
This means the future is "extremely bright" for those looking to get onto the property ladder who can afford the average 15 to 20 per cent deposit required to get a good mortgage deal, Mr Holmes said.
Some FTBs might have to save "furiously" over the next year or so, he noted.
"The good news is while they are saving up for that deposit, house prices will continue to fall and come more in line with affordability and their expectations," Mr Holmes added.
House prices for FTBs have increased by 200 per cent over the last decade, reported Shelter's Breaking Point report in June 2008.
To book your free initial consultation with mortgages for professionalsclick here.
According to Paul Holmes, chief executive officer of first-time buyer (FTB) solutions firm Firstrung, Britons saving up for their first mortgage are in a good position, despite the economic downturn.
House prices will continue to fall into the new year while potential FTBs are saving up for their deposit, he said.
This means the future is "extremely bright" for those looking to get onto the property ladder who can afford the average 15 to 20 per cent deposit required to get a good mortgage deal, Mr Holmes said.
Some FTBs might have to save "furiously" over the next year or so, he noted.
"The good news is while they are saving up for that deposit, house prices will continue to fall and come more in line with affordability and their expectations," Mr Holmes added.
House prices for FTBs have increased by 200 per cent over the last decade, reported Shelter's Breaking Point report in June 2008.
To book your free initial consultation with mortgages for professionalsclick here.
