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First Time Buyers

First Time Buyers

A recent survey by the Halifax estimates that the first half of 2012 sees 114,000 first time buyers making it onto the property ladder. Lower interest rates and falling house prices have improved the overall affordability of buying a house. However, the pressure to save, save, save remains because the average deposit needed for a first time purchase in the UK is now £27,850, up by 59 per cent from ten years ago. Following the end of the temporary increase in the stamp duty threshold for properties in the price bracket £125,000 to £250,000 one third more first time buyers now pay stamp duty at 1% of the total purchase price.

first time buyers



The buyers are the life blood of the property industry, without them chains cannot be completed and the whole market stagnates.

Savvy first purchasers are seeking to reduce their costs in other areas and at Conveyancing Marketing Services we have found that more and more buyers are searching the internet for affordable conveyancing rather than accepting the first quote from the estate agent, mortgage advisor or local solicitor. Through our solicitor panel CMS provide a high level of conveyancing service at value for money prices. All conveyancing transactions are monitored by CMS to ensure a first class service and we regularly check the internet to ensure that we offer unbeatable prices. Most buyers also appreciate our ‘Quote Beater’ service which is free and without obligation, together with our helpful legally trained customer service.



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