First-time buyers should be ready to buy say Miller Homes

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by Kay Murchie

Miller Homes is advising first-time buyers to take action and get onto the property ladder.

The housebuilder said fewer people are currently purchasing properties so first-timers should take advantage of this.

Furthermore, many reports have revealed that property prices have started to decline recently so those wanting to buy their first home are realistically able to consider making a purchase.

Carolyn Walsh of Miller Homes said some may think now is not a good time to buy, but when prices are at their lowest and good incentives are offered, it is the perfect time to move home.

Ms Walsh continued that it is so easy to forget that the property market has proven to be the best investment over the last few years with property prices rising consistently.

Martin Ellis of the Halifax added that a more subdued housing market over the next few years is a positive step for potential first-time buyers.

Furthermore, John Charcol the mortgage broker, recently said there will be a variety of factors that are likely to provide first-time buyers with a more favourable market this year. The mortgage broker has tipped lower interest rates, improved government shared equity schemes and other factors that will prove a turning point for first-time buyers this year.