Most choice for first-time buyers since May: Moneysupermarket

First-time buyers may be hit hard at the end of the stamp duty holiday in January but the number of mortgages available to them is at its highest since May this year, according to Moneysupermarket.

The price comparison website found 1,354 products are now available to first-time buyers - an increase of 18.3 per cent since August when products were at their lowest levels.

Hannah-Mercedes Skenfield, mortgages channel manager of Moneysupermarket.com, said: "It is encouraging to see an increase in lenders providing suitable options for first-time buyers, as the number of products in this arena have been low for some time.  If lenders continue to give a helping hand to first time borrowers we could see a significant improvement in the housing market.  To turn this glimmer of hope into reality for first-time buyers, the government should announce an extension on stamp duty exemption for properties worth less than £175,000 in Wednesday's Pre -Budget Report."

Posted at 08:05PM Dec 07, 2009 by Kelly Board in Mortgages & Housing Market  |  Comments[0]