18
May
Now is best time to buy home, says expert
Now is a good time for people to buy a home, according to a
UK-based property expert.
Those who have a "healthy deposit" and the right credit should find
it is the "best time" to purchase bricks and mortar since the
1990s.
At least these are the opinions of Timothy Lambert, sales and
marketing manager at property consultancy Ducalian.
He also warned that a ten per cent deposit is unlikely to be enough
for a mortgage, unlike in the past. "First-time buyers will need to
save around 25 per cent," Mr Lambert explained.
Other surveys in recent weeks have suggested that the current cost
of housing makes it an ideal time for those looking for their first
home.
Earlier this month, Halifax reported that property is at its most
affordable level for first-time buyers since the start of
2003.
