Rise in first-time buyer activities

Local activity from first-time buyers is now on the rise. The media is creating a feel-good factor, with talk of a possible Bank of England base rate reduction, and lower mortgage rates are becoming available, with five-year fixed rate mortgages for first-time buyers, offering initial rates from 4.13%.

Our Farnborough Branch Manager, Steve Panther, spoke about the recent activity at his office.

“We are seeing a lot of interest from first-time buyers, with a surge of enquiries and viewings on apartments, two-bedroom and three-bedroom homes.
We have some perfect starter homes available right now, so if you need help finding your first home, feel free to pop into our office for a chat or give us a call.”

If you’re looking to step onto the property ladder, we’d recommend seeking independent financial guidance. If you would like us to, we would be happy to refer you to one of our trusted partners. It will help ensure you achieve the best possible deal from your lender.

Reputable independent financial advisor Andrew Fagg, emphasises the importance of getting good mortgage advice.

“There are all sorts of ways a first-time buyer can get a good mortgage deal, with plenty of options available. Some lenders offer cash-back deals, some add extended terms to make a mortgage more affordable, and some lend at a higher amount in certain circumstances (this will be subject to underwriting by the mortgage provider). To get the best mortgage deal, it is essential to seek sound financial advice.“

More exciting opportunities for first-time buyers are coming soon. With brand new shared ownership apartments in central Farnborough, prices starting from just £66,250 for a home valued at £265,000, and a 5% deposit of £3,313.

If you’d like to be the first to know about new homes coming onto the market, please register here. Alternatively, please get in touch with our Farnborough Office on 01252 375999 or by email, here.