The average first-time buyer deposit has more than doubled over the past decade from £15,168 in 2006 to £32,321 in 2016, with the Home Counties and London driving these upwards. The average 113% increase in deposit size was dwarfed by…
The number of first-time buyers hit a ten-year high in 2016, according to Halifax research. The lender’s latest First Time Buyer Review says there were 335,750 first-time buyers last year, up 7.3 per cent from 312,900 in 2015. Halifax says…
Nobody can say it is easy for the first-time buyer to make the big commitment of jumping on the property ladder especially in current market conditions. House prices have continually outstripped wage growth in recent years and the inability to…
The Government has confirmed it will end the Help to Buy scheme at the end of the year and there is concern that if the Government doesn’t continue to support the scheme it could result, in the short term at…
It has been suggested that house sellers should foot the bill for stamp duty, rather than buyers to make it easier for first-time buyers to make their first step on to the property ladder. Yorkshire Building Society said that home-owners…
Santander is warning borrowers about the risks of interest-only mortgages after the sale has completed. The lender is carrying out spot checks on its interest-only mortgage customers by calling borrowers at random and testing their understanding of the loan they…
What is the Rent to Buy scheme? The Governments’ Rent to HomeBuy scheme lets you move into your intended new-build property and pay a reduced rent that is, at most, 80 per cent of the market value. This enables those…
New HMRC research shows that the number of residential property deals fell by 0.9 per cent between June and July. The number of adjusted homeowner deals had fallen 8.3 per cent year-on-year. The HMRC says the outcome of the European…
Securing a mortgage nearing retirement age is not easy - but it's not impossible. Many people head straight for their high-street bank and are shocked to discover they are "too old" for a loan. In some cases, people in their…
Today the Bank of England has reduced their base rate from 0.05% - which it has been since 2016 – to 0.25% an historic low! How does the interest rate cut affect you? A Bank rate cut is generally regarded…
