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First Time Buyers Race to Buy Property before House Prices Rise

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In London, there is no question that house prices are inflating

This means more and more viewers having to put in very quick offers once a property comes in the market and a lot of our clients have had to go to sealed bids to secure properties or even to have a chance to secure a property.

This will come out to other areas, such as Maidenhead and the Reading area that have Cross Rail so it means that to work in London you no longer need to live in the City of London.

The property market is a strange one, when prices were being driven higher in 2006 and 2007 it forces out first-time buyers.

Prices were too expensive, then when the crash came first time buyers with small deposits couldn’t get mortgages and need a 25% or 40% deposit (slight exaggeration but you get the message).

Property developers are listening to the demand for new build houses.

Over 200,000 new homes were built in 2016-17, making it easier for first-time buyers to get on the property ladder.

Financing property developments have become easier over the last few years due to the increase in private lenders.

If you need more information on property development finance, click here.

How can you move quickly and efficiently?

Many homeowners are hiring all-in-one removals companies, to deal with all the stresses of moving for you.
Most companies offer a range of high-quality packing materials, enabling you to neatly organise your items within your allocated storage space.
From large boxes to bubble wrap and sealing tape, our packing materials are available at competitive prices. We can also help pack large items to keep them safe.

Preparing Your Belongings for the Big Move

If you’re getting ready to move house, then removal companies can help you with all the packaging materials you’ll likely require. They will have

  • boxes that are strong and sturdy, ensuring that your belongings are protected during transit.
  • For larger, unusually shaped objects such as furniture, they can professionally package your item for you before it leaves your old home.

What is the market currently like?

Now for the very first time, we have a market that is made for first-time buyers.

With lower house prices and 5% deposits.

Therefore, in the name of simple economics when demand out stripes supply prices will rise it is as simple as that.

As a whole of the market mortgage broker, we have seen a definite shift from first-time buyers and they are back in the plentiful.

See London House Prices.

Parents have been helping with deposits and gifts on a regular basis.

I strongly believe this but now is a great time to be buying a property.

You will never know exactly when the top or bottom of the market is but if you are buying today (with the exception of London) you will be paying a lot less than at the top of the market, funding is cheap and also you now only need a 5% deposit.

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