Noticed with interest that a town local to us here in the North East, Middlesbrough, gets a mention for not recovering as quickly as other areas in the country. A mortgage is a very big commitment no matter where you live especially in light of the news today about the 'Bank of Mum and Dad' predicted lending of almost 5 billion pounds in 2016. This works out at 25% of all mortgage transactions. It's also worth remembering the government's 'Help To ISA'. Details of how it can work for first time buyers over on the blog >> http://www.tbilaw.co.uk/site/blog/family-matters-blog/how-does-the-help-to-buy-isa-work
While many houses have seen large jumps in value, research by HouseSimple indicates that average property prices in more than half of 75 towns and cities in England and Wales are still below average prices in 2007. The worst affected towns are Blackpool and Middlesbrough, while London, Winchester, and Stevenage have recovered best since the 2008 financial crash.