NAEA Propertymark comments on PM committing to change mortgage rules to give first-time buyers 95% fixed-term mortgage

Mark Hayward, Chief Executive of NAEA Propertymark, comments on the Prime Minister’s Conference Speech committing to change mortgage rules to give young first-time buyers a 95% fixed-term mortgage.

“We welcome the Prime Minister’s comments today which shows a positive change in tone by promoting a generation of renters to become a generation of buyers. We encourage lenders to come on board and support this initiative to enable first time buyers to enter the property market by future proofing the financial burden many face.

“We want to see intent become action quickly so that first time buyers can make the most of the current stamp duty holiday and continue to stimulate the housing market.”

Kindly shared by NAEA Propertymark

Main article photo courtesy of Pixabay