Open day to help first time buyers on to the property ladder

Open day to help first time buyers on to the property ladder

Harborough estate agency and chartered surveyors Andrew Granger & Co has joined forces with the Market Harborough Building Society to run an open day for those looking to buy their first property in the area.

The First Time Buyer Open Day is being held at the Andrew Granger offices on the High Street on Saturday 1st June from 9am to 4pm. The event aims to be a one stop shop for those considering buying their first home. It will showcase the many properties that the agency has on their books suitable for first time buyers as well as offering advice on legal and financial issues.

“We have a wide selection of great properties that would be of interest to people who want to buy their first home,” comments Peter Buckingham, Head of Sales at Andrew Granger & Co. “Although first time buyers are being encouraged to enter the property market through the existence of more favourable mortgage deals, it can be daunting making the commitment to move from renting to home ownership.  We aim to make the process as simple and straightforward as possible for the first timer.”

Peter Buckingham

Peter Buckingham

Financial advisers from the Market Harborough Building Society will be on hand to discuss the different mortgage deals available. The society currently offers mortgages for first time buyers requiring deposits of 10% and 5% – much lower than previous rates of 20% offered by many lenders. Representatives from solicitors Wartnaby Hefford will also be there to offer advice on the legal process involved.

Figures released in February show that the first time buyer market has risen by 17% when compared to February 2012, with first time buyers accounting for around 43% of property purchases nationally.

“It is crucial to the health of the housing market to encourage first time buyers onto the property ladder,” adds Peter. “Conditions for lending are now more favourable than in recent years, and so it makes sound financial sense for those who were renting to invest in owning their own home.”

People are welcome to turn up at any time throughout the day and no appointment is necessary. However, anyone who would like to make an appointment can do so by phoning 01858 412 250.

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