First-time buyers feeling apprehensive for buying new homes

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 16, 2012 --

Many people who are first-buyers, the number is as high as 50 percent have given up their hopes that they can now afford to buy a property. Almost around 53 percent of the people who be coming into the category being home buyers are now of the view that they would not be able to buy their own houses at any point of time. As per a report, there are talks going around that if a person wants to buy his own house, it is important that he should save a lot of money for making the initial payment for his house. In order to do that, he needs to either get job that us very well=paid and he should have a magical wand in his hands.
In the year 1960, a person aged somewhere 23 years was able to buy his own house but in today's time, a person is able to buy his personal house when he becomes around 35 years old. According to the Post Office, the every rising prices of the houses as well as the huge monetary deposit that one need to make is the main culprits of this thing.

In a recent research done according to the per region basis, the people living in London face a major problem as they are the ones who are asked to deposit a big sum as a deposit as the prices of the houses in London are the highest. This is like a big trouble for them. Around 43 percent of the people who live here feel that they would not be able to make the down payment until and unless their financial situation gets better. The national average of such kind of people is 37 percent while in the capital it is 43 percent. Apply with short term cash loans and get money in no time.

In comparison to this, the people who were living in West Midlands were in a fare better situation as only 32 percent of them were of the view that they are facing troubles in making the arrangements for the down payment of their houses. Contrary to this there southern counterparts are in a far much better condition, there figure there is just 12 percent. David Hollingworth, who is a mortgage broker for London & Country Mortgages, gave an advice to the first time buyers that they should make it their priority that apart from really doing anything else should be applying for affordable loans.

Jeniffer Thomas is an expert financial adviser and he gives his perfect views on finance. he writes articles on short term cash loans @ http://www.shorttermcashloansuk.co.uk/ , short term no guarantor loans and short term unsecured loans .

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