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Good neighbours can seal a house deal, says the Woolwich

Location is the key factor for first-time buyers when choosing a home, according to a survey by the Woolwich.

The second Woolwich First Time Buyers Survey of 100 people around the UK found that location clinches the sale for 39 per cent of buyers.

Quiet neighbours are the top attraction for 14 per cent while 40 per cent said they would be put off buying a property because of undesirable characters next door.

This is more of an issue for women, with 40 per cent saying they would investigate potential neighbours compared with 22 per cent of men.

A nice kitchen is the most important feature for 13 per cent of first-time buyers but only 6 per cent say they must have a garden.

Before making a purchase, 42 per cent of first-time buyers look at between five and 10 properties while one-fifth look at just one property.

Head of mortgage products Andy Gray says: “First-time buyers are an increasingly savvy bunch. They are starting to research who they will live next to as much as the house they will live in. Neighbours can have a huge impact on quality of life and are as important to many homebuyers as the layout itself.

“Security and being able to trust and count on your neighbours is also sought after, particularly by women buying on their own.”


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