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First Time Property Buyers News: First time buyer enquiries reached 23 month high in January
The number of first time buyers looking for advice in January was at its highest level in 23 months.
New figures from advisory website unbiased.co.uk show that 41 per cent of all searches last month came from people looking to buy their first property
Karen Barrett, chief executive of the site, said that an increasing number of higher loan value products coming onto the market is good news from first time buyers and is driving many to look into available properties.
She stated: "Our latest figures reveal that enquiries for first time buyer advice reached a 23 month high in January, suggesting real momentum in the FTB market.
"There has been a lot of attention on buy to let recently and it will be interesting to see what the gross lending figures look like for the end of Q4 2011."
A recent study by the Halifax found that actually purchasing your own home works out to be around £100 per month cheaper than renting.
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