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First-time buyer sales rose climbed 11 per cent last month to a completion total of 25,800 despite signs of a wider market slowdown. The average first-time buyer purchase price rose three per cent year-on-year to £150,950, while the average first-time buyer deposit fell eight per cent to £26,134 with more high loan-to-value lending helping keep the market accessible.

At the same time, deposits fell even faster as a proportion of annual income. The average first-time buyer deposit represented 67.6 per cent of annual income in September this year, 12 per cent lower than in September 2013.

These figures, from LSL Property Services, cite averages across the UK. In London, of course, many sums are much higher.

Below are a handful of our sold properties THIS month.

Please feel free to give the Chorlton Branch a call 0161 882 2233 if you are thinking of putting your property on the market and would like to take advantage of our FREE Market Appraisal. If you are wanting any mortgage or financial advice please call us to make an appointment with Brendan Brown our financial adviser.

'If you do what you always did, you will get what you always got.'

Kind regards
Edward Ellis MNAEA
JP & BRIMELOW Chorlton

 



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