London (first-mortgage-from-c4f) June 14, 2006: According to a new research the probable first time buyers have to wait until next Olympic which is likely to be commenced in July 2012.
June 17, 2006 (Press Release) --
A new research shows that first time buyers have to wait until Olympic gets over in July 2012 to become a home owner. According to Co-operative bank, first time buyers would not save enough to offer a mortgage deposit until July 2012. Such figures are calculated keeping in mind that those who wanted to buy their first property will save £ 307.50 per month, and then it will cover nearly half of existing mortgage repayment for first time buyer.
London (first-mortgage-from-c4f) June 14, 2006: According to a new research the probable first time buyers have to wait until next Olympic which is likely to be commenced in July 2012. According to Co-operative Bank, average first time buyer in London will not be able to save enough for mortgage deposit until July.
Figures arshowthat even if first time buyers save £ 307.50 every month, it will be a sum of half of the current average mortgage repayment. However, these probable home owners will have enough money with inflation in consideration for the average ten percent deposit of £ 25,183 required in London by 2012.
David Newman, director of marketing at the Co-operative Bank said that the savings for the deposit should be like marathon running and not like a sprinter’s participation. Many British athletes would be showing skills and restraints for medals at that time, same commitment is required to be exhibited by would-be first time buyer by making worthwhile savings. It is estimated that first time buyer from the north-east may be able to arrange their deposit for the mortgage repayment early. First time buyers require £ 9,675 on average which will engage savings up to November 2008.
For additional information on the news that is the subject of this release (or for a sample copy or demo), contact Webmaster: www.first-mortgage-from-c4f.co.uk
London (first-mortgage-from-c4f) June 14, 2006: According to a new research the probable first time buyers have to wait until next Olympic which is likely to be commenced in July 2012. According to Co-operative Bank, average first time buyer in London will not be able to save enough for mortgage deposit until July.
Figures arshowthat even if first time buyers save £ 307.50 every month, it will be a sum of half of the current average mortgage repayment. However, these probable home owners will have enough money with inflation in consideration for the average ten percent deposit of £ 25,183 required in London by 2012.
David Newman, director of marketing at the Co-operative Bank said that the savings for the deposit should be like marathon running and not like a sprinter’s participation. Many British athletes would be showing skills and restraints for medals at that time, same commitment is required to be exhibited by would-be first time buyer by making worthwhile savings. It is estimated that first time buyer from the north-east may be able to arrange their deposit for the mortgage repayment early. First time buyers require £ 9,675 on average which will engage savings up to November 2008.
For additional information on the news that is the subject of this release (or for a sample copy or demo), contact Webmaster: www.first-mortgage-from-c4f.co.uk
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