UK mortgage product market assessed
A number of mortgage products on the current market are suitable for first-time buyers (FTBs), it has been suggested.
Halifax recently launched a new FTB home loan, which FirstRungNow.com managing director Helen Adams commended and used as evidence for the selection of products available to those looking to purchase a home for the first time.
More lenders could follow Halifax's lead, she explained, before suggesting that there are also a number of government initiatives that can help FTBs get on the housing ladder.
"I think the government, which continues to put money into HomeBuy schemes, is making a reasonable effort to help people find solutions which require smaller mortgages," Ms Adams commented.
It comes after the campaign for cheaper house prices PricedOut.org.uk recently told FTBs that property prices could still come down in the coming months, despite reports indicating that the value of housing is in the ascendency.
To book your free initial consultation with mortgages for professionals click here.
Halifax recently launched a new FTB home loan, which FirstRungNow.com managing director Helen Adams commended and used as evidence for the selection of products available to those looking to purchase a home for the first time.
More lenders could follow Halifax's lead, she explained, before suggesting that there are also a number of government initiatives that can help FTBs get on the housing ladder.
"I think the government, which continues to put money into HomeBuy schemes, is making a reasonable effort to help people find solutions which require smaller mortgages," Ms Adams commented.
It comes after the campaign for cheaper house prices PricedOut.org.uk recently told FTBs that property prices could still come down in the coming months, despite reports indicating that the value of housing is in the ascendency.
To book your free initial consultation with mortgages for professionals click here.
