Bright outlook for Seddon Homes as first-time buyers hit a five-year highPosted on February 18th, 2013
Seddon Homes is feeling positive about news from the Council of Mortgage Lenders (CML) that the volume of first-time buyers coming into the housing market in the UK has reached a five-year high.
According to figures, in 2012 a total of 216,200 buyers succeeded in reaching the first rung of the housing ladder — this was a 12% increase year on year and the first time this figure has been above 200,000 since 2007.
Denis Maddock, sales and marketing director at Seddon Homes commented:
“It is hugely encouraging to see such considerable growth in the number of first-time buyers. This has been helped by initiatives such as the government backed FirstBuy equity loan scheme for first time buyers, and the knock-on effect of this growth will be an improvement in the overall health of the property market.
“The great news is that we have been able to increase our allocation of FirstBuy loans available to first-time buyers at our Bridgefold development, which will significantly help those looking for their first home in Rochdale.”
Seddon Homes has a number of schemes available to help buyers including FirstBuy aimed at first- time buyers, and NewBuy another government backed scheme that provides 95% mortgages on all new homes up to the value of £500,000.Â
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