15 Jun

Confidence shown in mortgage market

Confidence shown in mortgage market

First-time buyers are finding that there are more loans available for them on the market than there have been in recent months, according to managing director of FirstRungNow.com Helen Adams.

The property expert suggested that Halifax is one example of a lender which has made higher loan-to-value mortgages available, and she predicted that "other lenders will follow suit".

Indeed, Ms Adams made a number of positive comments regarding the current state of the property industry, particularly in relation to first-time buyer prospects in the coming months.

"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," she added.

Her sentiments echo those of the National Association of Estate Agents, which last month stated that first-time buyer confidence has returned to the housing market after a relatively quiet period for them.

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