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MSE News: Rise in first-time buyers predicted
Former_MSE_Helen
Posts: 2,382 Forumite
This is the discussion thread for the following MSE News Story:
"The number of first-time buyers is set to rise this year despite a lack of first-time sellers, a new study says ..."
"The number of first-time buyers is set to rise this year despite a lack of first-time sellers, a new study says ..."
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Comments
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Of course there is going to be a increase of first time buyers as they are trying to buy before stamp duty is back. They will then fall when it is reintroduced.
There are plenty of first time buyer properties on Rightmove, I don't see a problem.
As for the First time sellers who have no equity, then they will just have to over pay their mortgage or take out these new negative equity mortgages. This is a result of 90-125% mortgages, self certs/liar loans, new build gift deposits etc. Its a clear example why the FirstBuy scheme scam should be avoided.
Looks like Rightmove are attempting the usual spring bounce media propaganda campaign again.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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In this climate is buying a house affordable? I get quite confused on some news here. We told not to buy then First time buyers are rising this year? I beleive the person above has hit it on the head it does sound more like media hype again."MSE Money saving challenges..8/12/13 3,500 saved so far :j" p.s if i been helpfully please leave me a thank you but seek official advice at all times from a pro0
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Of course there is going to be a increase of first time buyers as they are trying to buy before stamp duty is back. They will then fall when it is reintroduced.
Probably true - my wife and I just bought a flat and one of our considerations was avoiding stamp duty (either we give it to the government or buy some furniture for ourselves). That said, the property we ended up buying was exempt regardless, so we probably could have waited a little
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