‘First time buyers on the rise with buy to let investors on the decline’ reports the Guardian.
With the excitement to get on the property ladder and deals to now be had the increase in first time buyers looking to buy has certainly risen in recent months.
BROUGHTON ROAD, SW6
According to Mortgage lending figures the number of new homeowners rose 8% in May as mortgages for Landlords dropped 10%. As stated by the Guardian.
Could this be a sign that the government policies with tax changes are rebalancing the property market?
Needless to say this has certainly caused a bit of a stir up especially in the bracket between £400,000 to £600,000 with the more expensive end of the market remaining sluggish.
Haus have seen a particular surge of interest in this bracket for first time buyers, for example these three properties :