Mortgage enquiries by first time buyers on the up

A new report has found that there were more first-time buyers looking for a property and a mortgage in July than the previous month.

Conducted by Unbiased.co.uk, the research showed that 43 per cent of all requests put to the website in the month were about mortgages for a new home, which is back up after a lull in June.

David Elms, chief executive of Unbiased.co.uk, said: "These July figures suggest that after a slight drop off last month, there is regained interest from first-time buyers thinking of entering the market .

"The second most popular request was for remortgaging, which took 30 per cent of all enquiries the site received, however this is three per cent down on the previous month's figures.Nationwide recently published figures for house prices in August showing that recent rises have continued in the month, which could affect first-time buyers looking to get a mortgage