3
Jun
Good time for FTBs, says BSA representative
The head of mortgage policy at the Building Society Association
(BSA) has claimed that now could be an ideal time for a number of
first-time buyers (FTBs) to take their first step on the property
ladder.
Commenting at the recent Building Societies Annual Conference,
which was attended by financial directors and executives, as well
as representatives from the mortgage and insurance worlds, the
BSA's Paul Broadhead said some FTBs are in a "great"
position.
He was referring, in particular, to those individuals who are able
to benefit from financial support from their parents, or people who
have saved up for a deposit.
"The mortgage rates are historically low [and] property values are
lower than they have been for a number of years," explained Mr
Broadhead.
"It's a great time for [FTBs] to get [on the property ladder]," he
added.
These views come after the National Association of Estate Agents
revealed that more confidence has been shown in the housing market
over recent months, compared to the end of last year.
