Many first time buyers eager to buy property soon

A survey from Myhome.ie has revealed that half of all first time buyers say they plan to purchase a property in the next 12 months, with even more first time buyers with a sufficient deposit to secure a mortgage. More importantly, the survey found that one in three first time buyers had already received mortgage approval.

Availability of mortgage finance and confidence in house price stability for the foreseeable future are seen as key factors influencing people to make that first step onto the property ladder in the next 12 months, with three-bed semi-detached houses the property of choice for these prospective buyers.

Despite the recession, first time buyers are having good success in securing a mortgage in the Irish property market. But, what is most important for the first time buyer is getting great mortgage advice relating to the cost of securing a loan, including House and Life Insurance. SimplyInsure.ie’s qualified mortgage advisors can get you the best deal on your first mortgage today!