Home /

Property Rescue Blog

Sell House Fast – First-Time House Buyers Face ‘Big Bill’

Mar 1

01/03/2011

A recent statement by the Council of Mortgage Lenders (CML) points out that deposit requirements have risen to the point that first-time home buyers must often save a full year’s salary or more before they can afford to put down a deposit to buy a home. At the beginning of 2007, a typical deposit was £12,700; however, in the last half of 2010, that number had increased to £31,500. The CML further stated that it will likely be several years before the number of first-time buyers recovers to match the previous 400,000 to 500,000 transactions we were used to seeing each year before the recession.

This will, of course, make it more difficult to sell home fast as this will surely have a knock on effect on the mortgage market. Those looking to sell house quick will find it harder to sell house fast due to a lack of potential buyers. If you need to sell house quick for cash, consider the assistance of a sell house fast specialist who can help you with a quick house sale and will charge no estate agency, legal or valuation fees.

For a quick house sale valuation, call Property Rescue on 0800 1313 999 or email them sales@propertyrescue.co.uk. You will obtain a sell home fast response extremely quickly.

Trackback Print

Tags:

Categories:

Location: Blogs Parent Separator

Sell Home Fast

0 comment(s) so far...

Your name:
Title:
Comment:

Security Code Enter the code shown above in the box below
Add Comment Cancel

Debt (15)
Equity release (11)
First Time Buyers (2)
Home Buyer (0)
Home Information Packs (8)
House Prices (16)
Housing Crash (14)
Inflation (3)
Interest Rates (20)
Mortgages (16)
Purchasing Property (2)
Recession (13)
Remortgages (1)
Renting (2)
Repossession (17)
Sell and Rent Back (270)
Sell Home Fast (413)
Stop Repossession (11)
Unemployment (3)