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Loans Latest News First time buyers return to market First time buyers return to market
First time buyers are returning to the market on the back of improved mortgage offers and a narrowing gap between the asking price and ultimate sale of properties.
The proportion of first time buyers in the market rose from 7.7 per cent in August to 11 per cent last month, according to figures by the National Association of Estate Agents (NAEA).
Estate agents all over Britain say confidence is returning to the market, with the number of first time buyers on their books up 2.5 per cent.
"Assuming rates stay the same for the next few months, we believe that the market will remain steady through the final quarter of the year," commented NAEA president Christopher Hall.
However, he added that prices were still an issue and that much of the recent growth in the market was due to August's cut in interest rates.
For more information on Mortgages for First Time Buyers click here
The proportion of first time buyers in the market rose from 7.7 per cent in August to 11 per cent last month, according to figures by the National Association of Estate Agents (NAEA).
Estate agents all over Britain say confidence is returning to the market, with the number of first time buyers on their books up 2.5 per cent.
"Assuming rates stay the same for the next few months, we believe that the market will remain steady through the final quarter of the year," commented NAEA president Christopher Hall.
However, he added that prices were still an issue and that much of the recent growth in the market was due to August's cut in interest rates.
For more information on Mortgages for First Time Buyers click here
Friday, 21 October 2005 16:57
Top 5 Personal Loans
|
Loan |
Representative APR |
Min Loan |
Max Loan |
Min Term |
Max Term |
Apply |
|---|---|---|---|---|---|---|
| View Full Table > | ||||||
 |
6.8%
|
£7,500
|
£14,999
|
1 Year
|
5 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.8% (fixed) equals monthly repayments of £148 and a total amount repayable of £8,868. There are no other charges included in the total charge for credit. | ||||||
 |
8.2%
|
£5,000
|
£7,499
|
1 Year
|
7 Years
|
|
| Representative Example: £5000 borrowed over a period of 5 years at 8.2% (fixed) equals monthly repayments of £102 and a total amount repayable of £6,112. There are no other charges included in the total charge for credit. | ||||||
 |
6.1%
|
£7,500
|
£14,999
|
1 Year
|
10 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
|
|
8.1%
|
£15,001
|
£25,000
|
1 Year
|
7 Years
|
|
| Representative Example: £15001 borrowed over a period of 5 years at 8.1% (fixed) equals monthly repayments of £305 and a total amount repayable of £18,293. There are no other charges included in the total charge for credit. | ||||||
|
|
6.1%
|
£7,500
|
£15,000
|
1 Year
|
7 Years
|
|
| Representative Example: £7500 borrowed over a period of 5 years at 6.1% (fixed) equals monthly repayments of £145 and a total amount repayable of £8,721. There are no other charges included in the total charge for credit. | ||||||
