Mortgages were cheaper in 2012 which is why the increase of first time buyers occurred according to Halifax. Buyers spend around 27% of their income on their mortgage payments which is a massive difference to the 34% previously spent by buyers.

Average house prices paid by first time buyers increased slightly to £139,921 in 2012 according to the house price survey which is a 3% rise from previous years. Mortgage lenders estimated that 65% of first time buyers in mid-2012 had financial assistance.

This is all great news for letting agents as it allows the transactions to flow much easier.

61% of all landlord surveyed said that they are not going to increase their rental income for tenants already living in their properties and will hold them at the steady amount throughout the year. 14% of the UK landlords are still undecided as to whether they will be making any change in there rental prices.

“The widening gap between tenant demand and rental property supply over the last few years has fuelled upwards pressure on rents. However, the majority of landlords now seem to be prepared to exercise constraint and are planning a ‘rent freeze’ for 2013. Lettings agents still report consistently high demand but more are warning landlords of the risks of squeezing tenants’ finances too hard.” Miles Shipside, director and housing market analyst at Rightmove commented on the survey results.

Average rents for this year have increased dramatically as demand is on the rise from tenant because of the mortgage market at the moment. Tenants are spending more than 50% of their monthly earnings on rent to house themselves and families in the current market. Investors are seeing the benefits from this as they have now found a secure place to keep their money and aiding them to earn a small profit. Investors have found that looking for long term good tenants is better than pushing for more rent and having the risk of losing a tenant because they can’t afford the monthly rent and having a void period in the property.

Many parents have been proud to lend their children the money but some are now having doubts that whether their children can actually financially cope each month in funding the mortgage payment and the household items needed.

Financial support from family has also made some negative impact on the current climate due to some members of the family feeling isolated because they are not receiving as much as others within the family. 15% are worried that they will not be able to have any help from family when they need it later on in life due to them helping out brothers and sisters to fund houses now and having no money left when they are wanting to purchase a property.

3% of parents have even remortgaged their home to fund their children’s new purchase.

“With the average first time buyer putting down a deposit of £27,000 to buy their home, it is unsurprising that people are looking to their parents for help. However, while the vast majority of parents (and grandparents) are likely to want to help, it is not always financially viable – especially if you have more than one child.”Andrea Rozario, director of Equity Release Council has commented on the research found.

For first time buyers, this property is absolutely perfect. It is in a popular location, recently refurbished and contains GCH and UPVC double glazed windows throughout the property. Not only this but there’s an outside garage. This property would be good either for a home or if you were thinking about renting it out.

For a semi-detached house in Wigston, this property is a bargain. This is the philosophy we have as professional Leicestershire Estate Agents.

A fantastic development opportunity with potential to make a family home for the rest of your life is available to buy on Little Glen Road in Glen Parva. The property is currently in need of repairs and needs new central heating system fitting as well as upgrading throughout. Where this property becomes very attractive is the possibility for extension to the rear that could create either one large master bedroom or be split making the property a four or five bedroom house. This is all made possible by the good sized garden to rear that still gives the owner’s privacy from all aspects. The property is currently on the market at £159,950.

This property has a collection of features highly sought after within this sector ranging from a spacious garden space to a UPVC double glazed front. This particular property would be better for those seeking development opportunities. This semi-detached house in Glen Parva can be used as a canvas to shape the home in to exactly what you wish.

Latham and Co are professional estate agents in Leicester that aim to bring the greatest opportunities to their consumer.

A spacious detached bungalow is now available to buy in the ideal village location of Thrussington. The property has been very well maintained and benefits from the addition of a conservatory to the rear. This property has two very good sized bedrooms with off road parking and a garage. It has gardens to three aspects of the property. There is some modernisation needed on the property internally but it has the potential to become your dream home.

With a collection of sought features such as UPVC double glazed windows, pebbled front garden and great potential for loft conversions at a later date. This house is in an ideal location within Thrussington close to a variety of amenities.

The front garden has both paved and pebbled areas surrounded by adult shrubs. There are bedded areas surrounding the property with lawns and stocked bedding islands. The rear of the property benefits from a spacious grass lawn area.

Thrussington is a small village within the Charnwood district of Leicestershire. It is a lovely little village with just approximately 550 residents that is a much sought after location. The village hosts multiple annual events for fund raising and entertainment. The money from these events gets put back in to the community. Thrussington is a friendly and great place to live.

As specialist Leicestershire estate agents, we always aim to bring you the best properties for the most competitive prices. This detached bungalow in Thrussington is excellent value at £245,000.