Need a first time buyer mortgage for 2013?
If you are looking for your first home and need a mortgage for 2013 you should contact Deal Direct now for advice and an independent mortgage comparison.
First time purchases are predicted to reduce next year to 25% of the market, the figure needs to be 40% to enable the property market to start to recover.
The benefit of the Government's Funding for Lending scheme has so far had little impact on the first timer buyer housing market. The majority of low rates have been aimed at large deposit buyers and those looking to remortgage.
It is hoped lower rates will start to filter through to lenders lower deposit mortgages in 2013 as lenders compete further for new business in lower deposit sectors.
It is being predicted that lower deposit mortgages in 2013 may become more competitive around the second quarter, as at this time the 'home-buying season' generally starts.
To help more first time buyers purchase a home in 2013, lenders need to offer more low rate mortgages at lower deposit levels. Without first time property purchase the housing market cannot properly recover.
If you are a first time buyer who is saving for an deposit to purchase a home next year, call Deal Direct for advice and a quote.
We are an independent 'whole of market' mortgage broker, we offer impartial advice and guidance. We work on your behalf and not that of the lender to find you an appropriate mortgage deal at the lowest rate possible.
Call us today for advice and a quote.
