Government 'must act to ensure stable housing market for first-time buyers'

19-May-2010

Published by Joshua Scott

Seeking help for first-time buyers is possibly a shrewd move at such a "precarious" point in the housing market.

The Council for Mortgage Lenders has suggested the state of the country's property industry remains on a knife-edge, following the introduction of the new coalition government.

While the funding shortage affects all sectors, it is largely being dealt with by lenders and buyers.

However, plans to remove Bank of England support between 2011 and 2014 would probably create a significant deterioration in conditions, the organisation warns.

Meanwhile, the new government must ensure changes in regulation do not eat up so much of lenders' finances they become unwilling to fund home buys.

With a growing number of mortgage deals on the market, first-time buyers could be best advised to try and secure a home now while conditions are stable and attractive.

How to buy a house from finding your first property, first time buyer mortgages, mortgage advice, shared equity, shared ownership, joint ownership, part buy part rent and HomeBuy. All a first time buyer could need as well as first time buyer news at FirstRungNow.com.

Conditions may be ideal for first-time buyers
Hips 'could be useful for first-time buyers'
First-time buyers 'should be aware of short-term mortgage fees'

2012: May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar