The Council for Mortgage Lenders reports that there has been a 20% increase in first time buyers since February 2013, but that this figure is 21.7% down from record levels in March 2012, which marked the end of the stamp duty amnesty. Overall, though, the government backed ‘Help to Buy Scheme’ and the ‘Funding for Lending Scheme’ (FLS) is helping to restore confidence in the first time buyer market.
This is a market which is rapidly changing; many first time buyers are older and have been saving for many years. Some are still reliant upon the ‘Bank of Mum and Dad’ for that deposit and most are incredibly cautious about venturing into the property market.
We know how nervous first time buyers can be and we have a specialist lawyer, Layna Thompson, who will gently and confidently take you through the process.
Contact us today if you are a first time buyer for efficient conveyancing at reasonable rates.
