These factors have also contributed to buyers opting for a longer repayment period of 30 or 35 years over the traditional 25 year mortgage. In 2006, just 36 per cent of FTBs opted for a term of over 25 years as found in the report by Halifax; in 2016, that figure had risen to 60 per cent. This indicates that many will still be paying off home loan debts into their retirement years, therefore it is more important than ever for them to choose the right first property to invest in.
There is no time like the present to target FTBs as the market for affordable homes is ever-growing and interest rates are extremely low. Hawkins Sales & Lettings are finding that properties throughout Nuneaton, Coventry & Bedworth are selling extremely fast as demand is outweighing the supply!
Hawkins Sales & Lettings have the experience and knowledge within its educated team to assist first-time buyers from; mortgage advice from a local Independent Financial Advisor, legal advice from reliable and trustworthy local solicitors and of course finding that perfect property! Choosing the right estate agent to purchase your dream home is just as important as choosing one to sell or rent and Hawkins Estate Agents have a friendly team to help every step of the way.
“Our aim is to make the difficult and necessary easier, faster and achievable.”