Alliance & Leicester sees reinvigorated first-time buyer market

16 November 2004
According to new figures from Alliance & Leicester, the first-time buyer market could be reinvigorated with fresh blood, in the form of 20-somethings looking to buy.

Alliance & Leicester Mortgage's moving improving index shows 20 per cent of people between the ages of 20 and 29 are looking to buy a property in the next two years.

"It is encouraging to see that the housing market can expect some new blood within the next two years," commented Paul Cooper, head of mortgages at Alliance & Leicester.

He added: "Most commentators believe that interest rates have peaked, with the base rate levelling out and slowly falling in the next few years, so first time buyers can look forward to even more competitively priced mortgages.

"This is encouraging and I look forward to some new verve in the housing market."

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