Without lenders best mortgages the UK property market may falter further.

Lenders best mortgages are in demand from first-time buyers keen to enter the housing market despite the stamp duty holiday ending in March, according to a RICS UK Housing Market Survey.

Enquiries from new buyers increased in March to the highest level in 2 years as buyers tried to beat the end of the stamp duty deadline. This resulted in a steady flow of new properties entering the market and led to a very positive month. For this momentum to continue first time buyer mortgage rates must be more competitive.

Lenders aware of the increased pressure on first-time buyers due to the loss of the stamp duty concession, are attempting to offer more competitive rates to those looking to make a first purchase. Without a proportion of lenders best mortgages being allocated to first time buyers the housing market could stall further.

In order for there to be market-wide movement would-be first time property buyers need to be able to afford to make a purchase. If they can afford to buy then those wanting to move up the property ladder to something larger can sell. This then results in a chain reaction benefiting the property market as a whole.

Chief Economist for the RICS, Simon Rubinsohn has commented on the latest survey advising that a small increase in market-wide activity was seen in the early part of this year. However he adds that it is yet to be seen whether this improvement will continue in light of the Budget and the UK's economic problems.

If you are looking to compare lenders best mortgages to fund your buy your first home or move up the property ladder, contact Deal Direct today and we will find a competitive offer for you.