Remortgage broker Deal Direct's mortgage market suggestions.
Deal Direct are a remortgage broker with our finger on the mortgage market pulse. We have come up with a few ideas that we think could help the mortgage market.
Firstly we suggest a stamp duty holiday could be implemented for second-time home buyers. We see this as a sector of the property market that has become stuck, which is restricting choice and opportunity for first-time home buyers wanting to enter the market.
Here at remortgage broker Deal Direct we also suggest that perhaps the Government could commit to helping build more affordable housing. This would benefit many areas such as the construction industry and employment, while giving people stuck in the rental trap a chance to buy.
First-time home buyer product awareness could be also improved. Those with a 5 per cent deposit already saved could be made aware that they can buy now and do not need to wait any longer to save a larger sum.
There are also many tenants who have been stuck rental accommodation for years. Those who have built up a good track record of rent repayment at a high level, could be considered by lenders as an acceptable risk for a mortgage.
We at remortgage broker Deal Direct feel that more could be done to emphasise the positive elements of the UK economy which could help the housing market get back on its feet.
We believe there is positive news out there with lenders launching great deals to help both first-time buyers and existing home-owners. Deal Direct can help you get a great first-time deal or arrange a competitive remortgage offer.
