30 per cent more first-time buyers
Shipways, part of the Sequence network, has recorded a 30 per cent increase in the number of first-time buyers applying for mortgages so far this year compared to the same period in 2016*. With heightened activity in this market, would-be first-time buyers are given hope of getting onto the housing ladder and Shipways is encouraging customers to see what best options may be available to them.
“The fact that more prospective buyers are seeking mortgage advice in order to buy their first home is good news for the housing market,” says David Miles, Mortgage Services Managing Director at Sequence. “Many first time buyers dismiss the idea of seeking advice on buying their first home, mainly because they believe it is totally out of reach without a large deposit. But, with many competitive mortgage products available that require as little as a 5% deposit and continued low interest rates, getting on the property ladder could in fact become a reality.”
“Although there are still challenges for first time buyers looking to purchase a property, there are also opportunities and many incentives to help those struggling to purchase their first property such as the Government backed ‘Help to Buy’ scheme or Shared Ownership,” continues David. “Access to and availability of affordable, first-time buyer mortgages, combined with good mortgage advice, is key to maintaining the current high levels of first-time buyers we are seeing. We urge anyone looking to take their first step towards home ownership to get in touch and see how we might be able to help.”
Shipways offers mortgage and remortgage advice from its network of branches and has access to many different mortgage products from a panel of lenders. To speak to one of our Mortgage Services Consultants, please contact your local branch.
Notes to editor:
* Source: Based on Sequence data: average percentage rise in applicants registered in February 2017 compared to February 2016.
A BROKER FEE MAY BE PAYABLE ON APPLICATION. OUR TYPICAL FEE IS £598.00.
Shipways is a trading name of Sequence (UK) Limited which is registered in England and Wales under company number 4268443, Registered Office is Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. VAT Registration Number is 500 2481 05.
For the activities of advising on regulated mortgages and non-investment insurance contracts, Sequence (UK) Limited is an appointed representative of Connells Limited which is authorised and regulated by the Financial Conduct Authority. Connells Limited’s Financial Services Register number is 302221.