Nearly four out of five would-be house buyers are confident they will get onto the first rung of the housing ladder within 12 months.
Research from unbiased.co.uk also shows that while one in ten Brits (10 per cent) are looking to buy a property within the next twelve months, Londoners are leading the way.
Almost a third (29 per cent) plan to purchase their first home within the next year.
Men’s confidence seems to be soaring with a whopping 89 per cent stating they are confident they’ll be able to make their first property purchase within a year, compared to 58 per cent of women.
Four out of five (82 per cent) would-be first-time buyers also say they are already planning to seek, or would consider seeking, professional financial advice to help them secure the best mortgage deal.
This compares to 42 per cent of all UK adults.
Karen Barrett, unbiased.co.uk chief executive, says the mortgage market has changed significantly from just four or five years ago.
“Over this period we have seen stricter lending criteria come in with the introduction of tighter affordability rules. This makes it harder for borrowers to identify the most attractive deal they could secure.
“This is exactly where the value of a professional, whole of market adviser comes in – they are experts in the mortgage market, know each lender and their criteria and can quickly find the right mortgage option for you, leaving you to focus on setting a moving date.”
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