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First-time buyer numbers soar 20%, reveals Halifax

The last calendar year was one dominated by rising property prices, says ourHampshire estate agents but despite values soaring in almost every part of the country, including in Hampshire, the number of property novices entering the market also increased during 2014. The latest figures from the Halifax - the country's biggest mortgage lender - revealed there was a 20% increase in first-time buyers last year when compared to 2013. That's 327,000 brand new home owners in a 12 month period. Winkworth is confident the house buying trend among first-time buyers will continue in 2015 as the buying landscaped has already improved. Properties for sale in Hampshire became thousands of pounds cheaper to buy as of December 2014 after the Chancellor reformed the stamp duty system. Every home priced under £937,000 will incur a reduced stamp duty levy, which will serve to encourage more first-time buyers to take their first step on the property ladder. In tandem are incredibly low rates of mortgage interest - which are making monthly repayments more affordable - and the continuation of the Government's Help to Buy initiatives. As well as the stamp duty reform, the Government also ushered in the Starter Home Initiative in December last year, which will offer 100,000 first-time buyers under the age of 40 access to brand new homes at a 20% discount. As we speak, house builders in the county are identifying plots on which they can build - made possible as the Government is working to free previously overlooked brownfield land by easing red tape, lifting planning restrictions and reducing taxes. It's heartening that first-timer buyers were pack leaders in 2014, buying up flats and houses for sale in Hampshire and across the country. Those becoming home owners for the first time are rightly named as the lifeblood of the property industry, as they allow movement in the market and facilitate trading up. Winkworth has a fantastic selection of houses and flats for sale in Hampshire that would make ideal first-time purchases. From purpose built apartments and conversion flats to maisonettes and small houses in need of some TLC. If you are thinking of becoming a homeowner and would like advice on buying your first property, details of the latest mortgage products and information on the initiatives in place to help first-time buyers, contact Winkworth today.

The last calendar year was one dominated by rising property prices, says ourHampshire estate agents but despite values soaring in almost every part of the country, including in Hampshire, the number of property novices entering the market also increased during 2014.

The latest figures from the Halifax - the country's biggest mortgage lender - revealed there was a 20% increase in first-time buyers last year when compared to 2013. That's 327,000 brand new home owners in a 12 month period.

Winkworth is confident the house buying trend among first-time buyers will continue in 2015 as the buying landscaped has already improved. Properties for sale in Hampshire became thousands of pounds cheaper to buy as of December 2014 after the Chancellor reformed the stamp duty system. Every home priced under £937,000 will incur a reduced stamp duty levy, which will serve to encourage more first-time buyers to take their first step on the property ladder. In tandem are incredibly low rates of mortgage interest - which are making monthly repayments more affordable - and the continuation of the Government's Help to Buy initiatives.

As well as the stamp duty reform, the Government also ushered in the Starter Home Initiative in December last year, which will offer 100,000 first-time buyers under the age of 40 access to brand new homes at a 20% discount. As we speak, house builders in the county are identifying plots on which they can build - made possible as the Government is working to free previously overlooked brownfield land by easing red tape, lifting planning restrictions and reducing taxes.

It's heartening that first-timer buyers were pack leaders in 2014, buying up flats and houses for sale in Hampshire and across the country. Those becoming home owners for the first time are rightly named as the lifeblood of the property industry, as they allow movement in the market and facilitate trading up. Winkworth has a fantastic selection of houses and flats for sale in Hampshire that would make ideal first-time purchases. From purpose built apartments and conversion flats to maisonettes and small houses in need of some TLC.

If you are thinking of becoming a homeowner and would like advice on buying your first property, details of the latest mortgage products and information on the initiatives in place to help first-time buyers, contact Winkworth today.

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