1st time buyers encouraged by falling prices, and low deposits.

Mortgage rate volatility has done little to dampen the spirits of first-time buyers. As many as 40% remain optimistic about homeownership, new data shows.

Falling house prices and the re-introduction of 100% mortgages have given first-time buyers reasons to be cheerful.

According to a survey of 1,000 first-time buyers by Moneybox, 40% were optimistic about becoming homeowners. This compares with a previous survey at the start of the year, when 42% said they felt positive.

21% said rising interest rates had boosted their deposit funds. Falling house prices and the arrival of 100% mortgages had buoyed the spirits of around 1 in 5 first time buyers.

If you are a first time buyer looking for advice, please get in touch. Initial enquiries are free and no obligation.