10% of Britons (5.1 million people) believe they are likely to successfully purchase a new home in the next 12 months, up from 8% (3.7 million) in January 2012, according to Santander Mortgages.
The government’s Help to Buy scheme is a major cause of increased confidence, with a third (33%) of those who think they will purchase in the next 12 months saying they are likely to get assistance from the scheme.
The findings reveal that younger people are the most likely to buy, with 18% of those aged 18-34 saying they are likely to purchase a new home. This is compared to 9% of 35-54 year-olds and 5% of those aged 55 or over.
Overall 57% of those planning to buy a home are more positive about their prospects of being able to do so than a year ago, compared to only 8% who are more negative.
Integrity IFA for free independent whole of market mortgage advice in Edinburgh and the Lothian’s. Visit our website to use our free mortgage source and calculator at www.integrityifa.com