Karen Barrett, Chief Executive of unbiased.co.uk, comments: “With the Government expected today to launch a mortgage indemnity scheme to allow first-time buyers to borrow up to 95 per cent of the value on new builds, it is potentially a good time to think about taking those first steps to buy.

There is an undoubted appetite from potential first time buyers seeking a way into the mortgage market. Our latest Advice Drivers report found that first time buyer advice dominates consumer searches on the ‘find a mortgage adviser’ service with 35% of mortgage advice searches on unbiased.co.uk in October being first-time buyer enquiries. The fact that demand for first-time buyer advice remain high, suggests a continuous momentum in the first-time buyer market and a real consumer drive for mortgage advice. Increasingly attractive rates are entering the market and we are seeing the return of many lenders offering deals for consumers with a 10% or smaller deposit. Coupled with today’s announcement of Government help, this will serve as a real boost for some of those struggling to get their foot in the door of their first property”  

Consumers looking to find an IFA or whole of market mortgage adviser can carry out a free and confidential search at unbiased.co.uk.