The Housing Market Activity Report by Connells Survey and Valuation has recently made public information regarding the demand for UK property from first time buyers.  It is on the rise.  Several factors can take credit for the latest increase.  First, the greater availability to high loan to value percentage mortgages.  Just within the last ninety days, more and more lenders have announced the option of 90% loan to value deals.  Also, more possibilities exist due to the increase in the amount of homes with falling prices.  Lower prices means a higher number of people able to be a part of the possible buying pool. 

For young people wanting to become part of the property ladder, look no further.  Lenders are making it increasingly possible to become part of the ladder by offering deals on homes with attractive high loan to value mortgage deals.  In a housing market struggling to maintain any form of growth, the deals are out there.  For remortgage applicants also, it seems there are still many opportunities to take advantage of.

John Bagshaw of Connells commented on the latest news of appealing high loan to value deals recently made available, saying: “In November first time buyers exploited a short window of opportunity as rates for higher LTV mortgages improved briefly. With house prices steadily declining, affordability has improved for new buyers, many of those able to secure mortgages have been acting quickly to complete before Christmas."

The base rate remaining at the low level of 0.5% as voted on earlier this month is providing the base for lenders to offer a slew of attractive deals.