The current housing market could possibly give a person the ideal time to search out a Mortgage Broker who could help you get that financing that you might need.
Yes, this is a good time to buy a house, and if you are like most people, you need some help seeking out that right financing package. As the housing market continues to sustain higher property prices, with no immediate sign of any substantial fall, it has become increasingly difficult for the first-time buyer to secure that initial home. Traditionally mortgage lenders would expect a deposit of at least 10% before offering reasonable mortgage terms in return. But even at the very lowest end of the current market, the prospective homebuyer would need to raise funds in the region of £15,000-£25,000 to meet this restrictive criteria.
For those at the beginning of a career, or perhaps already with a child or children, this first obstacle may seem overwhelming. But neither is the alternative prospect of long-term renting any more reassuring. In fact the cost of renting property may currently equal the cost of a monthly mortgage repayment, and quite often even exceed it.
So without hesitation - I believe that a place to look is possibly some place like MoneyMagicMortgages who can help you find that right Mortgage Broker .
Makes sense to me!
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