First-time buyers (FTBs) seeking to purchase property in Bristol will be helped by the increase in mortgage deals with loan-to-values (LTVs) of 85 per cent.
This is according to Paul Holmes, chief executive officer of Firstrung, who made his comments in the wake of figures released by moneysupermarket.com.
According to the organisation, the number of mortgage products with LTVs of 85 per cent has risen by 22 per cent and there are now 384 such deals available.
Mr Holmes suggested that this will "inevitably" assist FTBs in the UK and those who are able to save up enough cash stand a good chance of getting a house or flat while prices continue to fall.
However, he added that many people looking to get a foot on the property ladder still face employment instability.
He remarked: "The major difficulty that FTBs have - even before looking to buy a property - is either preserving the job that they have got or finding their first job."
