Good news for first time buyers

House prices fell 1.3% in comparison to the previous month.

The Halifax said that there was some uncertainty among house buyers and owners, despite continued low interest rates making homes comparatively affordable.

With Lenders like the Halifax and Newcastle offering reduce upfront cost to attract first time buyers this can only mean there is clearly an appetite for first time buyers.

First time buyers are the life blood of a housing market. Millions of buyers are wainting for lenders to ease the lending criteria and bring out competitive interest rates. Only then will we see a return of first time buyers to the market.

If you want to know more about first time buyer schemes, then contact Click n go Mortgages here.