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First-time buyers ‘underestimate size of deposit’. marked confidence in brushing off any concerns over the effects of Brexit, with annual average house price growth of 6 per cent or more in.
However, the news comes as figures from HMRC show the UK’s property market continues to stagnate, taking some of the pressure off would be movers looking for something. particularly among.
First time buyers in the UK would benefit from a Brexit in next month’s EU referendum, according to a leading ratings agency. Moody’s reports that a decline in house prices followed by a vote to leave the EU would make it more affordable for first time buyers to get onto the property ladder.
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· NatWest currently has a best-buy two-year fixed rate of just 1.44% for first-time buyers and home movers with a 40% deposit, while the Post Office has a deal of 1.5%. For people who want to fix for longer, the cost of five-year deals has also come down, as lenders compete on this front as well.
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House. buyers and sellers are caught in a dilemma. ‘Are concerns over Brexit outweighing positive improvements in affordability and employment, combined with continuing low borrowing costs? The.
According to the report, this growth comes despite activity tailing off in areas. approaching the first Brexit deadline. Last month housing experts warned the housing market would face a disaster.
Some also complained of the uncertainty which surrounds the Brexit negotiations. Last month, research from estate agency chain Your Move found house. of people moving into the sector. This could.
First-time buyers hoping to take advantage of the uncertainty following UK’s vote to leave the EU to get a foot on the housing ladder may see their hopes dashed by rising house prices. Property.
Among all the Brexit uncertainty and talk of the. three in particular have had a lopsided effect on first-time buyers and home movers: availability of mortgage finance, the changing pattern of.