First-time buyers continue to seek advice

For sale boards around the UK may soon be taken down, as demand for advice by first-time buyers is growing.

According to figures from unbiased.co.uk, advice sought by first-time buyers triggered 40 per cent of total searches on its find a mortgage adviser service.

This has risen from 36 per cent back in June last year, showing that people's demand for property is not waning.

Karen Barrett, chief executive of unbiased.co.uk, commented on the findings: "We are seeing quite fast paced changes with a number of mortgage lenders having made their products more available by increasing the loan-to-value and offering attractive rates as the base rate remains historically low."

It was recently suggested by Roger Southam, chairman and chief executive of Chainbow, that buy to let property remains a strong investment opportunity.

He urged people to have the confidence to make their first investment, as this is often the main barrier to them getting on the property ladder.

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Published on: July 7, 2011

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