Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI Claims: First-time buyers 'still struggling with deposit requirements'

Payment protection insurance (PPI) claims and credit card refunds could provide the financial lump sum many people looking to buy a property require.

A new report from Halifax has revealed mixed results for first-time buyers in the UK. Houses are now more affordable than at any time in the last eight years, but many people still cannot afford to take advantage of this.

The study found that only 187,000 people took their first step on to the property ladder in 2011, as many banks required large deposits to be paid before they finalised any mortgage deals.

Martin Ellis, housing economist at Halifax, said that these favourable conditions were created by the collapse of the property market and the subsequent drop in houses prices since 2007.

"Difficulties raising the necessary deposit and concerns over the economic climate are preventing many from entering the market," he added.

Recent research from Santander found that 28 per cent of would-be homeowners need to take a second job to help save for a deposit.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801249763-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide