Housing Market To Benefit Because of First Time Buyers Boon

May 26th, 2010

In a slow market, jittery because of the immediate past’s shake up a boon has hit the market. This boon is in the form of first time buyers being given hope. This boon will take time to hit the market as the entry levels are high. A Ten Percent Deposit plus the fees, in the Post office’s case £999.

First-time buyers given mortgage boost

The Post Office has launched a 90% loan-to-value mortgage in a sign that rates for first-time buyers are improving

Although not as low as it had been in 2006/7 it is starting to creep back and help the first time buyers to get their foot on the first rung. Naturally this will have an effect on the market but over a longer term period. When you take property as along term investment it ultimately always goes up.

A property purchased in 1980 is worth far more than it was back then. Keeping property for longer than 10 – 25 years means you will make money if you get the right advice and buy low, sell high is all about timing. With prices dipping and demand keeping on the low side as people in the UK market consolidate their savings and cautiously put money into their mortgages and savings, with people repaying more than they are borrowing this is a market that lends itself to clever property investment for the long term view.

Buy to let works, and always will when run by professionals who know the history and are cautious with spending and exact when it comes to the details. ChaseDevonshire has the stability and the history to prove that you can benefit from our advice and professional services, from back office support if you are an agent to tenant support for the landlords.

To talk to ChaseDevonshire about your options please use the contact form to contact us or call on 0207 740 1770. For emergencies we do have an after hours number 0207 740 1770. Chasedevonshire now has skype online and if you use skype you can call using your skype phone or compatible headset or handset. Written by Staff - Visit Website

Please use the contact form or to contact us directly call us on 0207 740 1770 for emergencies we do have an after hours number.
Chasedevonshire now has skype online and if you use skype you can call using your skype phone or compatible headset or handset.