Q4 2010 Is A Time Of Opportunity For First Time Buyers, says First Mortgage

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Low housing prices and mortgage rates make the end of 2010 a buyer’s market according to mortgage specialists, First Mortgage.

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Low house prices combined with great mortgage rates are going to convince a lot of savvy buyers that it is time to get back into the housing market.

According to mortgage specialist First Mortgage, the last quarter of 2010 is a good time for property buyers. In October, UK house price averages hit an eight month low of £164,381, as reported by Nationwide. First Mortgage is describing the last few months of this year as a buyer’s market and encouraging prospective owners to explore their options. Ian McGrail of First Mortgage stated: “We are viewing this as a time of opportunity for our customers. It is very exciting to see many properties available for great prices and we are looking forward to helping clients get settled in new homes. We offer fee free mortgage advice, so there is no reason not to come in and see whether you’ll be able to take advantage of the market and get on the property ladder.”

First Mortgage recently opened a new branch in Glasgow which will allow them to deal with an expected rush of buyers looking to get great value mortgages. McGrail continues: “Low house prices combined with great mortgage rates are going to convince a lot of savvy buyers that it is time to get back into the housing market.” Glasgow mortgage brokers at the First Mortgage branch have a reported a steady flow of new home owners taking advantage of low property prices and favourable mortgage repayment rates to purchase homes.

First Mortgage offers significant benefits for those looking to get a mortgage and take advantage of the housing market. Customers are given the choice of all available mortgage providers, and can also benefit from exclusive deals available to First Mortgage clients. Fee free service means customers don’t have to pay to get excellent mortgage advice, Glasgow based competitors, and those in other parts of Scotland, often charge significant service fees. Most importantly, First Mortgage matches customers with their ideal mortgage. McGrail explained: “We offer a wide variety of plans which can be tailored to our client’s specifications - this ensures they can buy a new house and turn it into a productive investment. In this climate a good mortgage combined with great house prices mean buying a house is a great way to plan for the future.”

First Mortgage is a trading name of First Mortgage Direct Limited which is directly authorised and regulated by The Financial Services Authority. First Mortgage specialise in mortgages, remortgages and mortgage-related protection, by searching the whole of the UK market for the lowest APR, regardless of any existing bad credit, poor credit ratings, defaults, or even bankruptcy. The First Mortgage services are available online, via telephone and in person at various locations throughout the UK.

First Mortgage is a free UK mortgage search resource which endeavours to source the best mortgage, remortgage and mortgage protection deals from over 150 UK lenders. Mortgage services range from providing basic home-buying information for first-time buyers to full mortgage quotes and loan applications for established property owners.


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Ian McGrail
First Mortgage
+44 (0) 131 229 8336
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