Savvy first-time buyers are managing to fight their way on the property ladder through some more unusual and creative investments, it has been noted.
Writing for the Independent, Ginetta Vedrickas observed that stringent mortgage lending may be pushing buyers overseas .
The Council of Mortgage Lenders October lending figures show that just 17,000 applications from first-time buyers were approved.
However, French mortgages appear to be easier to source.
"Unlike Britain, France still offers 100 per cent mortgages and rates too are typically lower," Ms Vedrickas said.
Meanwhile, research conducted by Barclays Stockbrokers revealed earlier this week that the majority of investors (53 per cent) have a bullish outlook for the FTSE in 2011.
The UK's largest online execution-only stockbroker said that investors are confident that the FTSE will rally over the next 12 months.
"As we kick-off 2011, it is interesting to see that while the majority of Barclays Stockbrokers clients believe that the FTSE will rally during the course of the year, a growing number are even more confident in overseas markets," remarked Paul Inkster, head of product at Barclays Stockbrokers.
Brits urged to consider investing in overseas property
Brits urged to consider investing in overseas property
Fri, 07 Jan 2011
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