First Time Buyers more active, reports London Mortgage Broker, London Mortgage Advice Wednesday, 7th April 2010

Spring usually sees a boost in house-buying, and with the new stamp duty break things could be busier than in recent years. The Stamp Duty threshold was increased for first-time buyers from £125,000 to £250,000 to try and invigorate sales. According to mortgages news, many first-time buyers are coming out of the woodwork and looking for new mortgage loans

"There has been much debate over the past week as to what impact Darling's measures will have on the housing market, and while the jury's still out on that one, it's clear that those most affected have welcomed it if numbers to our site are anything to go by. Having just had one of the busiest weekends of the year for house-hunting, the first-time buyer could well be back out after months of hibernation." Hannah-Mercedes Skenfield was reported as saying. Moneysupermarket reported a 15 per cent increased in first-time buyers seeking mortgage deals

"Easter is traditionally the busiest time of year for the housing market and the Chancellor's stamp duty exemption for first-time buyers has provided a further boost. We have seen a pick up in inquiries from first-time buyers keen to take advantage of the tax break and buoyed at the prospect of saving up to 2,500 pounds." Melanie Bien, the director of mortgage broker Savills Private Finance, reportedly commented.