Help to Buy mortgage assistance, low rates of interest, a recovering economy and rents that rival mortgage repayments are all factors in the revival of the first-time buyer, report Coventry estate agents Allsopp & Allsopp.
First-time buyers are back and although there is renewed interest in getting on the housing ladder, the matter of buying a property for sale in Coventry still needs expert guidance. Allsopp & Allsopp, leading Coventry estate agents, is holding a first-time buyer day on Saturday 19th April at its New Union Street office, designed to assist anyone thinking of buying a property for the first time.
Although the media is full of articles on property, actually buying a home remains a somewhat mystery until in a position to actually purchase. That's why Allsopp & Allsopp estate agents is running its first-time buyer event. Nikki Eaton at the agent says: "Our event will allow first-time buyers to discuss budgets, Coventry neighbourhoods and types of property for sale, as well as talking through the intricacies of the buying process itself. We want purchasers of property for sale in Coventry (http://www.allsoppandallsopp.co.uk/property-sales/propert...) to exchange and complete without complication, so we'll be advising on necessary paperwork, getting finances in order and how to make yourself the strongest buyer possible. We'll also have an independent mortgage advisor on hand to chat through lending options, such as 'whole of market' and Help to Buy mortgages."
Allsopp & Allsopp's first time buyer event will conclude with a specially-arranged viewing programme from 2pm, where all flats and houses for sale in Coventry suitable as first-time purchases will be open for viewings. Allsopp & Allsopp has a variety of entry-level properties for sale in Coventry, with many priced at less than £125,000, which means they are stamp-duty exempt. For those with bigger budgets and maybe making the transition from tenant to owner-occupier, the Coventry estate agent is marketing a number of small houses and family homes for less than £250,000, which invites the lower stamp duty rate of 1%. "When it comes to affordability, Coventry does offer exceptional value-for-money for such a central, well connected location," adds Nikki Eaton.
The return of first-time buyers is most welcome by all Coventry estate agents. Chains only start moving with fluidity once first-time buyers enter the market. By buying starter houses and flats for sale in Coventry they enable other people to move up the property ladder to bigger dwellings - first-time buyers really are the lifeblood of Coventry's property market.
Anyone thinking of buying their first home or moving up the property ladder in Coventry is urged to contact Coventry estate agents (http://www.allsoppandallsopp.co.uk/) Allsopp & Allsopp today for property advice and a free valuation. Nikki Eaton concludes by saying: "The number of first-time buyers increased by 42% in the 12 month period between February 2013 and February 2014, according to one leading property service provider. It's a good indication that the general property market is in great health. Here in Coventry we're helping more first-time buyers than in recent years and it's having a fantastic impact on the whole buying/selling environment in the West Midlands."