Financial advisor Bill Aitken, a director at Bedford-based William Lowden Associates, says that while lenders are still showing more restraint than a few years ago, there are some more positive signs and, contrary to popular belief, many people are able to borrow.
He said:
"We've seen the emergence of several new mortgage products and with Santander now offering 90% loan to value (LTV) mortgages for first time buyers, would be homeowners can get a foothold on the property ladder without the hefty deposits being talked about 12 months ago.
"For those with a good credit status and a secure income, a 10% deposit could be all that is required.
"And those buying a new build home from developers such as Redrow, could take advantage of incentives such as a 5% gifted deposit or stamp duty paid. There are certainly more opportunities now than at any time in the last couple of years."
Redrow is helping home hunters step onto and up the property ladder at developments across the South East, including new homes in Essex, Kent, Ipswich and East Sussex.
Bill also believes the current climate is a great time for most people to buy:
"Interest rates are at an all time low right now, including fixed rate offers, and house prices remain affordable. It's a great time for those who can afford to buy to venture into the market."
And the strong demand for rental properties in the South East, particularly in areas within commuting distance to London, means investors could get a significantly higher return on their savings if they invest in property rather than leaving their money in a bank or building society.
Bill added:
"Buy-to-let mortgages are once again being made available to one-off cash investors who would prefer to make a capital investment in property than leave their money in a savings account."
Those cheered by Bill's comments would do well to look at Redrow's homes in the South East.
Well known for style and quality, Redrow's high-specification homes meet the demands of modern lifestyles. Inside they feature the latest, statement-making kitchens, bathrooms and quality fixtures and fittings.
Redrow is building at The Lakes, near Maldon, The Rodings in Loughton, Cannons Wharf in Tonbridge, Sutton Woods and The Grange in Maidstone, Bramford Gardens in Ipswich and Willow Gardens in Hailsham.
Suzanne Irons, sales director for Redrow, added:
"It's good news for would-be home owners that mortgages are getting a little easier to secure. However, purchasers should always speak to an independent mortgage broker regarding their ability to borrow.
"As well as the potential to gift a 5% deposit, we can tailor alternative incentives to help people to move depending on their circumstances. This could include taking their existing house in part exchange or fitting high quality carpets throughout their new home."
