Coventry Building Society recently produced a report showing that despite the many hurdles First-Time Buyers have to overcome, mortgage lending to this sector is expected to rise by 16% in 2024.
We’re all aware that this market has been subdued in 2023, with a 24% drop in FTB loans from 2022 to 2023; an increase of any kind would be welcomed by all parties. Assistance with costs and fees associated with buying a property, deposit boosts and mortgage subsidies will all be of benefit to this type of buyer if there is an incentive allowance available on new build homes. NHMH is always on hand to help you structure the right deal to secure a reservation.