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Home > Service AT Your Finger-Tips (Issue No.12)
Service AT Your Finger-Tips (Issue No.12)
Myfirsthomeltd. Newsletter

Editor’s Letter

A recovery in the mortgage market is still not within sight according to the Council of Mortgage lenders (CML). The figures released by the CML showed the number of loans for home purchases at 52,700 in May.

The number of loans to first-time buyers rose by 4 per cent from April to 19,200 in May, but was 41 per cent lower than the same month in 2007.

The figures also revealed a steep decline in the number of people re-mortgaging in May- down 14 per cent on the previous month and 23 per cent lower year-on-year. Recent mortgage approvals data from the Bank of England indicates that the number of loans for house purchase will fall further in coming months.

The squeeze on the availability of mortgages has cut the number of people re-mortgaging and wanting to move house. Consequently demand for homes has fallen, with some regions seeing more of a slowdown than others in the housing market.

Many first-time buyers are left unable to qualify for a loan, and many more have been left no choice but to suffer cripplingly high mortgage costs. Housing transactions have stalled and house building has been suspended – storing up more trouble for the future.

The first-time buyer is an important equation in bringing about an up-turn in the property market and the sooner mortgage products can once again become widely available to them, the UK whole economy will benefit.

Myfirsthomeltd team hope you will enjoy making your way through our new look newsletter as much as we do, thus contributing to making home hunting easier, enjoyable and rewarding.

We welcome any feedback from our readers and clients. Please send your thoughts to: info@myfirsthomeltd.com

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First Home Is Now Within Your Finger-Tips

For the first-time in several years a slow down of the Housing market, has resulted in house builders and developers having large numbers of homes waiting to be sold. To ease their slow moving stocks, they have begun offering buyers incentives and reduced selling prices considerably.

 

It has been well publicised, that many first-time buyers are struggling to get on the property ladder in the United Kingdom. With the commencement of the ‘home buying season,’ myfirsthomeltd.co.uk is launching ‘Service At Your Finger-Tips’ with the objective to further assist first-time prospective purchasers, onto the property ladder.

This service is designed to bring house hunters into direct contact with professionals within the industry.

 

We all lead such busy lives nowadays and it’s not surprising that we sometimes struggle to fit everything in. Home hunters finding their dream home is no exception. So whether you’re a first-time buyer too busy with work to look for your first home, an investor looking to expand your portfolio, or busy parents desperate for some more space, but struggling to find time to look between baby-sitting and raising your children.

 

First-time buyers registering with www.myfirsthomeltd.co.uk will have free access to our newsletters, magazines and information centre. Designed to make house hunting easier, enjoyable and rewarding, giving prospective purchasers:-

  • Updates on market news and consumer trends.
  • Alerts on forthcoming developments.
  • Information on new homes and developments.
  • Promotions and events…

 

Technology is transforming the way we search for our next home. Gone are the days when people’s property searches begin with the nose pressed against an estate agent’s

Window and hours spent browsing through publications and driving through neighbourhoods. For many first-time buyers, the starting point is instead the internet.

For a new experience visit: www.myfirsthomeltd.co.uk and register immediately via the following link: Service AT Your Finger-Tips

 

 

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