Property market ‘all about FTBs and confidence’
A property market turnaround "is all about mortgages for first-time buyers (FTBs) and confidence in the housing industry", it would seem.
Jane Marr, director of online direct property advertising firm Little House Company, said that the market could be boosted if financial institutions could create a product that makes it easier for FTBs to buy a home.
Mortgages for professionals provide one type of home loan that can help potential high earners get on the housing ladder, but Ms Marr has called for more aid.
She also claimed that property will start selling more frequently when the price is right.
"We have seen our private sellers reducing prices to kick start a sale, many have been waiting around for a buyer and we feel that this reduction is a result of sellers trying to be more competitive," she commented.
Ms Marr did not mention the various government-run programmes currently in existence such as the HomeBuy Scheme.
This provides FTBs with the chance to share the ownership of a property with local councils - over time they can take on sole responsibility for the mortgage.
Mortgages for professionals provides no obligation mortgage advice to professional clients with high projected earnings from investment bankers, to accountants and solicitors.
Jane Marr, director of online direct property advertising firm Little House Company, said that the market could be boosted if financial institutions could create a product that makes it easier for FTBs to buy a home.
Mortgages for professionals provide one type of home loan that can help potential high earners get on the housing ladder, but Ms Marr has called for more aid.
She also claimed that property will start selling more frequently when the price is right.
"We have seen our private sellers reducing prices to kick start a sale, many have been waiting around for a buyer and we feel that this reduction is a result of sellers trying to be more competitive," she commented.
Ms Marr did not mention the various government-run programmes currently in existence such as the HomeBuy Scheme.
This provides FTBs with the chance to share the ownership of a property with local councils - over time they can take on sole responsibility for the mortgage.
Mortgages for professionals provides no obligation mortgage advice to professional clients with high projected earnings from investment bankers, to accountants and solicitors.
