Time to take advantage of soaring mortgage lending
- 3rd July 2018
- Buying Property News
Some 26,700 first-time buyer mortgages completed in just one month - could you be next?
First-time buyers are seeing something of a lending bonanza. New figures show that banks lent them £4.4 billion to purchase their first home in April (the most recent available data). This is a near 5% increase compared to the same time a year before.
Some 26,700 benefitted, suggesting real confidence in the market, both on the part of buyers and banks. It’s positive news if you are looking to join their ranks.
Not only is there more borrowing available to more people, mortgages are still being offered on attractive interest rates, making now a good time to fix at a favourable rate.
And with many long (and hopefully sunshine-filled) summer evenings still ahead of us, this is peak viewing season. Our network of offices across London are open til late, to give you the best chance of visiting properties at a time that suits you.
With our extensive online presence, you’ll be able to book viewings as soon as you see a new ludlowthompson-marketed property come online, accompanied by one of our local market experts.
Stephen Ludlow, Chairman at ludlowthompson, says: “First time buyer demand remains high, and this rise in mortgage lending is helping growing numbers realise their dreams of owning their own property.”
“Proactive buyers are making hay while the sun shines and using the long summer evenings to get out there and find a home that’s right for them. With interest rates still so low, more are likely to join them.”
If you are considering buying a property, please contact Chris Lockley at Jigsaw Mortgages here.
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Bought my first property in Camberwell with ludlowthompson. I was looked after excellently by Georgina Witts who was always available for a quick call or email no matter what time. As a first-time buyer, I really appreciate Georgina's genuine care and attention for all my queries and catering to my many visits to the property before completion. Would highly recommend these guys!
- Harriet Denis Le Seve on Google
I just bought my first property through ludlowthompson -Dulwich and I had the best experience throughout! Very pleased with them, in particular Gerard, who was the person I dealt with. He is professional, yet personal and friendly. He was very helpful, from viewings to completion. Best estate agents! Thanks for your help.
- Silvia Julian on Google
Having had a lot of experience with other agents over the last couple of years, the team at ludlowthompson Dulwich have stood out for their excellent service. Our agent Michael went beyond the call of duty to reassure us during the buying process, and we found our dream home through him. We also had a lot of help from Georgina, and as this was our first purchase we really appreciated all the advice. Couldn't be happier with the service, and will definitely seek their advice in the future if we decide to sell.
- Natalie Suthons on Google
First time buyer demand remains high, and this rise in mortgage lending is helping growing numbers realise their dreams of owning their own property
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