24 Apr

Analyse the market, first-time buyers told

Analyse the market, first-time buyers told

First-time buyers should consider a number of factors before they attempt to get on the housing ladder, it has been suggested.

Such homebuyers ought to analyse the situation and weigh up how the market would change if prices go up, down or stay the same, Alexander Hall said.

Andy Pratt, spokesman with the firm, noted that this is an "important" aspect as first-timers have to understand all that is going on around them.

But simply by taking out a mortgage, these customers will not be wasting money, he noted, in the rental sector.

"It's not relevant until you come to either remortgage it or sell it, but the positive side is that, during that period, the consumer will be paying off the mortgage - assuming that they take out a repayment mortgage," he commented.

He added that independent mortgage providers can offer up a good deal of assistance where buyers are looking to find it.

Alexander Hall provides independent mortgage advice in the UK.ADNFCR-1222-ID-18567375-ADNFCR

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