The housing market is now undergoing a major structural shift since the start of what has become known as the credit crunch, Having impacted dramatically on the profit sheets of the major financial institutions and within the ‘money markets’ it has now left its ugly mark on the mortgage market.

Many lenders in the UK operate a business model that requires them to raise their funding via the international markets. With the funding and credit lines drying up and the price of any available funding rising dramatically, the market has effectively stalled.

Consequently, we have seen considerably more caution and nervousness from lenders, a reduction in the product range available to both new and existing borrowers. Even in the mainstream arena, lenders are not prepared to offer mortgage products to a client who six, or nine months ago, they were prepared to take onto their books. The mortgage market in 2008 and into 2009 is and will continue to be a very changed arena, from the market that we have come to now in recent years.

Myfirsthomeltd team hope you will enjoy this newsletter issue as much as we do, thus contributing to making home hunting easier, enjoyable and rewarding.

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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My First Home Limited 36 Windrush Court Chichester Wharf Erith Kent DA8 1BE Tel: 0870 977 0173 Fax 0870 977 0174 email: Service At Your Finger Tips
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