|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |    18th of January 2018
|   Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  

Property News feed Property News

Mortgage News feed Mortgage News

All Financial News feed All Financial News




Survey reveals first-time buyer fears

Bookmark and Share

by Kay Mitchell
”Survey

A survey by the Halifax has revealed many first-time buyers fear they will not be able to get on the property ladder.

The survey of 4,000 non-homeowners found two-thirds believe home ownership is unattainable.

Stricter lending criteria, which has resulted in lenders demanding large deposits, is deterring many would-be homebuyers, according to the survey.

Almost half of those questioned said they would like to save a deposit but are unable to do so.

The credit crunch saw the end of 100% mortgages but the Halifax said mortgages requiring just a 5% deposit could return to the market, giving hope for many first-time buyers.

Furthermore, the Halifax points out that options such as shared equity schemes could help those looking to get on the property ladder.

Discuss this in the Finance Markets forums

Story link: Survey reveals first-time buyer fears



News posted: May 31, 2011

Financial Services:





Related financial stories to: Survey reveals first-time buyer fears:
Previous: «
Next: »

Visited 3686 times, 1 so far today

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Tags: , , , ,