First-time buyers are more so prepared to offer a premium for a house to get onto the housing ladder, so says new research.
20% of UK first-time buyers are ready to offer more than the asking price of a property, states Yorkshire Bank.
This contrasts with 12 months ago when just 13% of newcomers to the housing market were ready to offer above the asking price .
It is linked to increasing optimism in the property prices, with the number of people expecting property prices to rise reaching an 18-month high of 55 per cent in December last year.
Home buyers are in a positive mood.
The Council of Mortgage Lenders recently reported record breaking December lending figures.
Sellers are going to benefit from a healthy market in 2006, so states the latest Yorkshire Bank Housebuyers' report, as prices rise and there is more pressure on buyers to offer the asking price.
A poll of 2,000 people by BMRB for Yorkshire Bank highlights higher council tax deters first time buyers, with 23% of first-time buyers delaying making a purchase until local councils announce the Council Tax .
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