Sunday, March 3, 2013

Guaranteed Rent | Prospective first-time buyer levels at their highest for 12 months as more call ‘bottom of the market’

Guaranteed Rent | Prospective first-time buyer levels at their highest for 12 months as more call ‘bottom of the market’
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Guaranteed Rent | Prospective first-time buyer levels at their highest for 12 months as more call ‘bottom of the market’ We guarantee your rent: You don’t have to fill in any forms or claim forms. With 3Let you will receive a guaranteed rental income for as long as your property is without a tenant on our property management scheme. Highlights this quarter: Proportion of intending first-time buyers reaches highest level for 12 months at 26.2% Big jump in first-time buyers expecting house prices to increase - one in three now expect to pay more to buy a home over the next 12 months, up from one in five last quarter Raising a deposit remains the major issue with 44% of first-time buyers citing this as their single biggest property market concern Guaranteed Rent Rightmove’s quarterly survey of intending first-time buyers gives an early view of activity and sentiment at the very important base of the property ladder. The proportion of people that are intending to buy in the next 12 months that will be doing so for the first time is the highest we have recorded for four quarters, seemingly driven by the sense from a growing percentage of this group that property prices will be higher in a year’s time. Guaranteed Rent Guaranteed Rent Miles Shipside, director of Rightmove, comments: “Despite prospective first-time buyers still being frustrated by deposit-hungry lenders and stifled by sellers unwilling to reduce their prices, this survey forecasts an upturn in their activity in the next 12 months. As they closely scour what’s available in their local markets, this is perhaps driven by their sense that the deals on properties to buy and mortgage funding criteria are not going to improve and so more have simply accepted these conditions and decided to act. Indeed, there is a large shift of opinion amongst would-be first time buyers that prices may well have bottomed out and could be higher in some areas in a year’s time.” In this quarter’s survey, 26.2% of those that say they intend to buy within the next 12 months state that they will be buying for the first time. This is the highest figure we have recorded since Q2 2010, when the proportion was marginally bettered at 26.3% and is up on the 22.8% recorded in last quarter’s survey. View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

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