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Young married couples eager for cheap mortgages

Date: Mon, 16 Jan 2006

Many newly married couples are hoping to get on the property ladder using a cheap mortgage deal.

Alliance & Leicester estimate that around 25 per cent of married couples are finding it difficult to enter the housing market and some are being forced to rent on a long-term basis in order to save for a possible property purchase.

Thirteen per cent of married renters are in a position to buy their first home compared with six per cent of singletons who rent. However, shopping around for a cheap mortgage deal, especially one that does not require a substantial deposit, could make that first home a reality for some newlyweds.

"A new year signals new hopes and dreams for prospective homebuyers. The Christmas period is traditionally slow for the housing market however this picks up again after the festive lull," said Stephen Leonard director of mortgages at Alliance & Leicester.

He added: "The housing market continues to be buoyant so those who are looking to buy or move house should not lose hope."


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