7 Jan

Large deposit holders urged to buy now

Large deposit holders urged to buy now

First-time buyers who have saved up a large deposit have been advised that now may be the best time for them to purchase a property.

Managing director of FirstRungNow.com Helen Adams stated that now is "a potentially good time to buy" if buyers have a "hefty" deposit or a guarantor.

According to Ms Adams, the current market presents buyers with the opportunity to get a good deal.

"There may be some good property bargains available at the moment from those who are desperate to sell," she remarked.

Furthermore, although there are predictions that the market will fall further this year, Ms Adams added, these price drops have already been accounted for by those buying and selling houses.

Property prices have fallen back to levels recorded in July 2005 with the typical home priced at £163,605, research released in December by Halifax has shown.

The bank said annual house price falls reached 16.2 per cent last year.ADNFCR-1222-ID-18959691-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.