With the current housing crisis, many who would need a first time buyer mortgage have been steering clear and waiting for better times. However, builders and many other organizations are doing their best to lure first time buyer mortgage candidates into the market by offering them some incentives that many will find hard to pass up.Stephen Cullis, managing director at Westpoint, said: “We hope that by offering to pay a five per cent deposit towards the client’s mortgage, it will provide homeowners with the assurance they need to purchase a new home.”David Marshall, business analyst at the Edinburgh Solicitors Property Centre, said: “There is still demand from first-time buyers. We have seen that in the level of interest in more affordable developments in particular. We have tended to find that many first-time buyers just can’t get a mortgage. Deals like these will help, although there are still the difficulties with the credit rates people will have to pay.”June Sutherland, Bellway Homes (Scotland east) sales and marketing manager, said: “Bellway Homes is offering a number of financial incentives across its developments, which are aimed at helping first-time buyers enter into the housing market with ease.”
Related reading: First Time Buyer Mortgage
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