Local estate agent Fox & Sons in Romsey is urging would-be homebuyers who fear they may not be able to afford a mortgage to contact the branch and discuss their options for buying a home.

A recent survey from Rightmove* suggests that 55% of renters would like to buy their own property and that of these, over a quarter are over 40 years old. Mortgage Sales Consultant Priya Kooner believes that would-be buyers in any age group should act now if they wish to get on the housing ladder. “There is now scope for buyers to buy their own homes, but they should not delay,” Priya explains. “A typical mortgage will be repaid over 25 years, so someone aged over 40 may need to make repayments over a slightly shorter period, which is quite possible with the right product and the right mortgage advice at time of purchase. “The good news is that mortgage brokers can offer an array of mortgage solutions to help buyers in this situation, even if they do not have a large deposit to put down,” says Priya. “At Fox & Sons, we have access to high loan to value mortgage products including 100% and 95% of the property value, reducing the need for a large deposit upfront.”

If you are interested in buying a property and would like to discuss your options with Fox & Sons, please contact the branch on 01794 513085 or email: priya.kooner@sequencehome.co.uk