Market conditions optimistic for first-time home buyers

Published: 09/01/2017

2017 has begun with some good news for those looking to buy a home in the New Year.

Halifax Intermediaries has announced its new 95% LTV rates after pledging to continue supporting mortgage borrowers beyond the closure of the government’s Help to Buy mortgage guarantee scheme on 31st December 2016.

For first-time buyers, 95% LTV rates include a two-year fixed rate at 3.34% with a £999 product fee or 3.74% with no product fee.

Five-year fixed rates are available from 4.29% with a £999 product fee or 4.49% with no fee.

New 95% LTV rates for homemovers include a two-year fix at 3.39% with a £999 product fee or 3.79% fee-free.

Five-year fixed homemover rates start from 4.44%.

Emma Coffey, head of Sales at Goldsmith Williams Solicitors, said:

“The New Year has seen optimism in the property market increase, and it is looking as though purchasing a home in 2017 for first-time buyers will remain achievable despite the end of the Government’s Help to Buy mortgage guarantee scheme. This is promising news.

“As always though, I can’t stress enough how valuable enlisting the assistance of an experienced property solicitor is, to ensure everything runs smoothly.”

Content correct at time of publication.