Miller Homes has said it is "heartened" by the results of a new first-time buyer (FTB) survey.
The developer asked 3,000 people looking for
affordable homes about their feelings towards getting on the property ladder.
It found that seven in ten have not given up on their aim to find a house, while seven in ten also want to this without using "desperate lending" or credit for their mortgage.
Sue Warwick of Miller Homes said although loan-to-values appear to have tightened, now is actually a good time to buy a house.
"Prices are significantly lower and there is help out there in the form of shared equity deals," she explained, going on to say that such measures mean
affordable homes are within reach for many consumers.
Despite Miller Homes' delight at some of the findings, it also showed that some 28 per cent of would-be FTBs think they will have to save for at least half a decade if they want to buy their own property.
According to statistics published by the Council of Mortgage Lenders this September, 20,400 FTB loans were approved in July.
See Also: Property News (6680)
Date Published: 19 November 2009
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