Wed 19 Mar 2014
Clydesdale and Yorkshire Banks have revealed from their annual first time buyer survey that three bedroom houses top the wish list with 32% of those surveyed stating that they aim to purchase a three bedroom property. Two bedroom flats proved to be popular at 24% closely followed by two bedroom houses at 22%. 10% of first time buyers said they would be opting for a three bedroom flat and only 7% said they would aim to buy a one bedroom flat.
The survey also revealed trends within different regions with 63% of Londoners understandably aiming for flats and in Wales 87% surveyed opted for houses.
Andrew Pearce, Retail Director for Clydesdale and Yorkshire Banks, said:“Clydesdale and Yorkshire Banks have been unwavering in their support of first time buyers and we continued to offer both 95% and 90% LTV mortgages while many others withdrew these products.
This research shows that it is still challenging to take the first step onto the property ladder and many are now aiming for a larger property as their first home as they believe this is a good investment for the future.”
"â€œYour initial valuations were spot on, just right to attract maximum interest and a modest amount of bidding. The estimated values were also much more accurate than some other estate agents we consulted. Your office was brilliant in providing continuous updates on viewing lists and offers; it also made a difference that you arranged individual rather than mass block viewings. So thank you Jon for two excellent results, great work by all your office staff and you in particular.â€ "