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Aug 2, 2018
The Bank of England has raised the base rate to 0.75%, just the second time it has been hiked in a decade.
May 16, 2018
Homes suitable for first-time buyers could ‘flood the market’ in the coming year as one in five (19%) landlords look to sell, the National Landlords Association has predicted.
Mar 1, 2018
Almost nine in 10 (87%) first-time buyer applications through an intermediary resulted in an offer in 2017 – up from seven in 10 (71%) in 2016, IMLA’s Mortgage Market Tracker has revealed.
Nov 22, 2017
The government is abolishing stamp duty for all first-time buyer purchases up to £300,000.
Aug 30, 2017
Nearly 90 per cent of mortgage applications made through brokers resulted in offers in Q2 2017, the highest ever, according to the Intermediary Mortgage Lenders Association.

Welcome to Select Mortgage Solutions

First-time buyer homes to ‘flood the market’ as landlords sell up

May 16, 2018
Homes suitable for first-time buyers could ‘flood the market’ in the coming year as one in five (19%) landlords look to sell, the National Landlords Association has predicted.

National Landlords Association data indicates that 45% of landlords intend to sell individual flats, with a third (33%) offloading terraced homes – both of which represent options for first-time buyers.

Richard Lambert, chief executive of the National Landlords Association, said: “These findings sound like positive news for potential new homeowners, but the reality is not everyone wants, or is in a position financially, to buy.

“In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent, or have no other option but to rent."

Lead Source: Mortgage Introducer 16/05/2018

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Regents Pavillion,
4 Summerhouse Road,
Northampton,
NN3 6BJ

Tel: 0845 22 42 162
Email: info@selectms.co.uk

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Select Mortgage Solutions is an appointed representative of Stonebridge Mortgage Solutions Limited which is authorised and regulated by the Financial Conduct Authority.
 
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