Equity-rich ‘eligible for best property deals’
People who are equity-rich can find the "best deals on property and mortgages", according to the commercial director at housing industry group Rightmove.
Miles Shipside was commenting after his firm revealed research that showed asking prices of new properties on the market dropped for the first time in five months in June.
However, with mortgage affordability apparently favouring the cash wealthy, he called on lenders to do all they can to help first-time buyers get on the property ladder.
"Lenders need to be wary not to choke off the recovery in affordability and activity by punishing the returning buyers with ever widening margins," Mr Shipside explained.
Some potential high earners such as pharmacists, engineers and doctors may be able to find mortgages for professionals to help them purchase bricks and mortar.
Last month, the National Association of Estate Agents suggested that confidence among first-time buyers had returned to the market after a quiet period.
Mortgages for professionals is a whole-of-market broker providing expert mortgage advice to high earning professionals such as pharmacists, engineers and doctors.
Miles Shipside was commenting after his firm revealed research that showed asking prices of new properties on the market dropped for the first time in five months in June.
However, with mortgage affordability apparently favouring the cash wealthy, he called on lenders to do all they can to help first-time buyers get on the property ladder.
"Lenders need to be wary not to choke off the recovery in affordability and activity by punishing the returning buyers with ever widening margins," Mr Shipside explained.
Some potential high earners such as pharmacists, engineers and doctors may be able to find mortgages for professionals to help them purchase bricks and mortar.
Last month, the National Association of Estate Agents suggested that confidence among first-time buyers had returned to the market after a quiet period.
Mortgages for professionals is a whole-of-market broker providing expert mortgage advice to high earning professionals such as pharmacists, engineers and doctors.
