17 May

First-time buyer appetite increasing

First-time buyer appetite increasing

More people will be looking to get their first piece of UK property this year, according to the latest figures released by a financial advisory website.

Unbiased.co.uk said that, in April of this year, 39 per cent of all requests it received for advice were to do with first-time buying. This increased from 37 per cent the month earlier.

It had been expected that the appetite of first timers for buying a home would decrease after the stamp duty holiday ended on March 24th, leaving those looking to buy facing an additional levy of at least £1,250, but this may turn out not to be the case if interest is anything to go by.

Karen Barrett, chief executive of unbiased.co.uk, said: "Over the last weeks we have seen lenders raise mortgage rates and tighten their lending criteria, putting further strain on people wanting to get on the property ladder, which will be a contributing factor to the rise in FTB enquiries."ADNFCR-1222-ID-801365910-ADNFCR

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