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First-time-buyers urged to consider mortgage options
25 April 2008
Mortgage advisory service Alexander Hall says it is vital for first-time-buyers to think over the future of the housing and mortgage market before buying.
First-time-buyers are being asked to consider their mortgage and loan choices in the current economic climate.
Spokesman, Andy Pratt, said: "The one really, really important thing that first-time buyers need to understand is that they should look at the options"
"Look at what would happen if house prices went up, stayed the same, went down by five per cent or further. They need to look at that in relation to their own circumstances and see how long they will stay in their property for."
The advice comes after Morgan Stanley suggested that house prices will fall by 15 per cent in the next two years. A prediction that would see one in ten homeowners pushed into negative equity.
Alexander Hall is a leading UK mortgage broker which provides completely independent mortgage advice. 
