View more on these topics

More FTBs will enter market in 2014 when funding crisis eases

LSL Property Services group chief executive Simon Embley says the funding crisis that has gripped the mortgage market will begin to ease by 2014, allowing more first-time buyers onto the housing ladder.

Speaking at the Building Societies Association annual conference in Birmingham last week, Embley said: “First-time buyers still want to get on the housing ladder. What we have to remember though is that there were 600,000 housing transactions in 2010 compared with the long-term average of 1.2 million.

“So when we start to see the return of mortgage liquidity, which in my view will be around 2014, and when we see the special liquidity scheme and credit guarantee scheme repaid, we will start to see more money coming back to the market. And the only place that money can go is high LTVs.”

London & Country head of communications David Hollingworth says: “Improved liquidity will help the whole market but the market has become more segmented by loan to value. I think the higher LTV section of the market is where you will see bigger changes taking place.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm