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....6 times). The official figures will make gloomy reading for potential first-time buyers whose wages have stagnated and who now see property ownership become comparatively more expensive. ... [Read full article on BBC ]
Friday 17th of March 2017 10:06:40 AM
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.... However, while the most you can get is a lot higher, the average amount has dipped slightly – from £400 to £371 – over that period. Such deals are usually targeted at cash-strapped first-time buyers. ... [Read full article on Guardian ]
Saturday 18th of March 2017 07:00:32 AM
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....The screw will tighten in April, when higher rate tax relief on mortgage interest payments will begin being phased out. Steve Bolton, founder of Platinum Property Partners, warns that “punitive” tax changes may drive out landlords, but this will not necessarily help first-time buyers: “If it leads to a restricted supply of rental properties and higher rents, then it will be harder for tenants to save for a deposit. ... [Read full article on Daily Express ]
Sunday 19th of March 2017 12:01:00 AM
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Latest Finance News related to First-time Buyer

New Nationwide deal for parents to raise cash from their home to help their children image
....Nationwide's head of mortgages, Henry Jordan, said: "Our Family Deposit Mortgage range has been launched in recognition of customer demand for a flexible and accessible way to use the wealth tied up in people's homes. "The aim is to help not only first-time buyers but also home movers to secure their own property. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....The screw will tighten in April, when higher rate tax relief on mortgage interest payments will begin being phased out. Steve Bolton, founder of Platinum Property Partners, warns that “punitive” tax changes may drive out landlords, but this will not necessarily help first-time buyers: “If it leads to a restricted supply of rental properties and higher rents, then it will be harder for tenants to save for a deposit. ...
Are these cashback deals  a carrot… or a costly stick? image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
.... However, while the most you can get is a lot higher, the average amount has dipped slightly – from £400 to £371 – over that period. Such deals are usually targeted at cash-strapped first-time buyers. ...
Homes cost more than seven times income image
Source : BBC [Read Article] Friday 17th of March 2017 10:06:40 AM
....6 times). The official figures will make gloomy reading for potential first-time buyers whose wages have stagnated and who now see property ownership become comparatively more expensive. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
....”. Sparkes said the government already helped first-time buyers struggling for a deposit. ...
Home ownership in England at a 30-year low, official figures show image
Source : Guardian [Read Article] Thursday 2nd of March 2017 02:32:32 PM
....The report also provided fresh evidence that, for those who can afford to buy, the traditional 25-year mortgage may be on the way out. It found that almost all first-time buyers had taken out a repayment mortgage, and that 40% had signed up for a home loan lasting 30 years or more. ...
House sellers 'should pay stamp duty' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:01 PM
....Stamp duty should be a tax on property sellers, rather than buyers, to help those trying to buy their first home, a major UK building society has said. The Yorkshire Building Society said that nearly three-quarters of first-time buyers now paid the tax, compared with just over half in 2006. ...
New homes 'unaffordable for eight out of 10 locally' image
Source : BBC [Read Article] Thursday 2nd of March 2017 01:38:32 AM
.... . "Help to Buy has played a significant part in the increase in supply by helping over 100,000 people, the vast majority of who are first-time buyers, purchase their own home. ...
‘Buy for Uni’ mortgage turns students into landlords image
Source : Guardian [Read Article] Monday 27th of February 2017 09:28:35 AM
....Interest rates David Hollingworth from London & Country Mortgages says that as the loans are niche products, the interest rates are higher than would normally be expected. “The rates are higher than would typically be available to a first-time buyer, even where parental security is being used, such as the Barclays Family Springboard deal that offers a three-year fixed-rate of 2. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
....However, it added that it remained "wary of the risks and increased uncertainties associated with the EU referendum result". Persimmon said the government's Help to Buy scheme remained "important" in supporting first-time buyers. ...
One in four UK families have less than £95 in savings, report finds image
Source : Guardian [Read Article] Monday 20th of February 2017 07:01:30 AM
.... Home ownership rose among high-income families to 90% from 88%. Aviva said declining rates of home ownership could be a sign of difficulties getting a mortgage for first-time buyers or families not considered “prime” borrowers. ...
New mortgage helps buyers meet Stamp Duty costs  image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 12:01:00 AM
. Barclays said its homebuyer cashback mortgage is designed to help first-time buyers or home movers recover the cost of stamp duty on their new property purchases. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
....Ishaan Malhi, chief executive of online mortgage broker Trussle. com, says an awful lot is at stake for first-time buyers: “The current generation faces an almost impossible task to get on the housing ladder. ...
Welcome to rabbit-hutch Britain, land of the ever-shrinking home image
Source : Guardian [Read Article] Saturday 11th of February 2017 07:00:09 AM
.... The average price is £255,000, but if you want to buy a one-bedroom flat in its Lambeth developments in south London – Sail Street and Juxon Street – it will cost you £332,000. Nevertheless, that compares favourably with the latest official average first-time buyer price in London of £421,553. ...
UK house prices fell in January for the first time in five months image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:34:19 AM
....”. Halifax estimates that the number of first-time buyers rose by 7% last year to 335,750 – the highest level since the start of the financial crisis in 2007. ...
Theresa May to offer more security for renters image
Source : Guardian [Read Article] Saturday 4th of February 2017 11:44:42 PM
.... By emphasising the rights of renters, as well as trying to boost house building, the white paper will mark a turning point for a party that since the 1980s, and the first council house sales, has promoted home ownership as a badge of success, while neglecting the interests of renters. The Tory manifesto for the 2015 general election spelt out plans for 200,000 new “starter homes” that could be bought by first-time buyers at 20% discounts, but said little about promoting the interests and improving the lot of so-called “generation rent”. ...
Are you a serious buyer? Estate agents can now ask you to pay up to prove it image
....Money has been contacted by a number of angry would-be homebuyers who handed over cash to an estate agent and are now battling to get it back. They include first-time buyers Geoffrey Taylor and his partner, Gemma Swistak, both 32, who paid the agent they were dealing with £900, and Ramesh Nehru, who handed over £1,000 to a different firm. ...
Mortgage affordability unchanged despite rising house prices, report finds image
Source : Daily Express [Read Article] Friday 3rd of February 2017 12:00:00 AM
....The proportion has remained the same despite average house prices having increased by 7 per cent over the past year. Halifax assumed that a borrower, who could be a first-time buyer or a home mover, had a 30 per cent deposit to put down. ...
Can I buy a flat while I'm paying off debts through an IVA? image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
.... What you could sensibly do when your IVA comes to an end is to start putting the same amount you were paying into your IVA in a savings account. To benefit from a 25% government bonus (on savings up to £12,000), you could consider the help-to-buy Isa designed for budding first-time buyers. ...
Sharp rise in first-time buyers taking mortgages lasting at least 30 years image
. The traditional 25-year mortgage could be on the way out, with growing numbers of first-time buyers opting for deals lasting 30 or 35 years – suggesting that many will still be burdened with home loan debt in their 60s and 70s. ...
First-time home buyers at highest level since 2007, Halifax says image
Source : BBC [Read Article] Friday 13th of January 2017 01:35:41 AM
.... . The lender estimated there were 335,750 first-time buyers last year, the highest figure since 359,900 in 2007. ...
Take the long view with a 10-year fixed-rate mortgage image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:00:21 AM
....19%. Broker firm John Charcol reckons 10-year lock-ins make sense for more mature borrowers looking to remortgage, but come with too many early repayment penalties to suit first-time buyers. ...
The Guardian view on the housing crisis: right to rent | Editorial image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:21:18 PM
.... Without a steady supply of homes for rent, the conditions for today’s housing shortage were set. Private builders maximise value by preferring fewer, larger homes, unaffordable to first-time buyers. ...
First-time buyer subsidised homes 'will be built this year' image
Source : BBC [Read Article] Tuesday 3rd of January 2017 09:23:52 AM
. Thousands of homes for first-time buyers will be built this year, according to the government. ...
House prices 2017 image
Source : BBC [Read Article] Monday 2nd of January 2017 11:30:29 PM
Why the UK economy could fare better in 2017 than forecasters predict image
Source : Guardian [Read Article] Sunday 1st of January 2017 12:36:53 PM
.... That outlook will bring homeowners out in cold sweats but for anyone who has been trying to get on the housing ladder, a moderation in prices is long overdue. There is also a slither of hope that a government drive to address the UK’s housing shortage could help first-time buyers. ...
London house prices rise less than UK average for first time since 2008 image
Source : Guardian [Read Article] Thursday 29th of December 2016 09:11:01 AM
.... In London and the south of England, however, more people have found themselves priced out of the market or having to borrow a greater multiple of their income. Among first-time buyers, median loan-to-income ratios are highest in London and the south-east, at around four times income; and lowest in Northern Ireland, at less than three. ...
Generation rent: official figures overstate UK home ownership - study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 10:56:47 AM
....The Office for National Statistics said the UK owner occupation rate rose sharply in the two decades after Margaret Thatcher’s government allowed council tenants the right to buy their homes at a discounted price. But since the early 2000s, high house prices, weak growth in real incomes and tighter lending policies have combined to make home ownership harder despite a prolonged period of ultra-low interest rates and government subsidies for first-time buyers. ...
Home ownership 'overestimated by official data' image
Source : BBC [Read Article] Tuesday 27th of December 2016 08:21:38 AM
....The same think tank reported in August that major English cities - particularly Manchester - had seen the sharpest falls in home ownership since a peak in the early 2000s. A spokesperson for the Department for Communities and Local Government said: "We've halted the decline in home ownership, with the number of first-time buyers up nearly 60%, and over 335,000 households helped into home ownership through government-backed schemes since 2010. ...
First-time buyer aid cash: SW England gets biggest share image
Source : BBC [Read Article] Friday 23rd of December 2016 03:35:17 AM
. The South-West has been awarded the largest share of a fund raised through extra stamp duty on second homes to help first-time buyers in England. ...
Home ownership by 25-year-olds halves in 20 years image
Source : BBC [Read Article] Thursday 22nd of December 2016 08:30:07 AM
.... . Responding to the LGA survey, a Department for Communities and Local Government spokesman said: "We've halted the decline in homeownership, with the number of first-time buyers up nearly 60%, and over 335,000 households helped into homeownership through government-backed schemes since 2010. ...
Housing worries image
Source : BBC [Read Article] Thursday 15th of December 2016 12:28:11 AM
....The government is attempting to help wannabe home owners, and has introduced a load of new restrictions. In Beijing, first-time buyers must now put down at least a 30% deposit. ...
Mortgage data points to slowdown in UK housing market in October image
Source : Guardian [Read Article] Wednesday 14th of December 2016 01:43:57 PM
....25% after the vote for Brexit. The CML said the amount borrowers were paying as a percentage of their household income to service repayments fell to a record low for both first-time buyers and home movers at 17. ...
Is property facing a meltdown in 2017? image
Source : Daily Express [Read Article] Sunday 11th of December 2016 10:10:00 AM
....House price inflation may slow across the UK, but many buyers will remain locked out. Hayward adds: “We should avoid property Armageddon in 2017, but things will not get much better for first-time buyers, and those looking to up or downsize. ...
Buy to let: ‘We landlords are being vilified’ image
Source : Guardian [Read Article] Saturday 10th of December 2016 06:59:07 AM
....Tenants who see themselves as toiling to pay their landlord’s pension, however, may see it another way. As Reuben Young of campaign group PricedOut says (see below), the changes are “fantastic news” and will level the playing field for first-time buyers competing for homes with landlords. ...
Days of the buy-to-let landlord are numbered, says Fergus Wilson image
Source : Guardian [Read Article] Friday 9th of December 2016 10:11:07 AM
....But he says much more needs to be done to protect existing tenants. “While first-time buyers will enjoy a more favourable market, the tax changes won’t make the slightest difference to the chronic instability of the private rented sector. ...
HSBC raises mortgage rates and pulls 'cheapest-ever' fix image
Source : Guardian [Read Article] Tuesday 6th of December 2016 01:35:57 PM
....”. Last month, the Council of Mortgage Lenders said home loan affordability had reached a “historic low” for both first-time buyers and home movers. ...
House price growth lowest for 10 months, says Nationwide image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:55:26 AM
.... In recent years, the proportion of lending accounted for by fixed-rate deals has persisted at levels well above those prevailing before the financial crisis. “Fixed-rate deals are most popular amongst first-time buyers for whom certainty over monthly payments is likely to be particularly important. ...
Consumer credit sees fastest growth in 10 years image
Source : Guardian [Read Article] Thursday 24th of November 2016 11:50:14 AM
....Andrew Wishart, assistant economist at Capital Economics, said approvals for purchases were now not far off the monthly average of 43,000 that the BBA reported in 2015, “with the short-term effect of the referendum on housing market confidence and activity now seemingly behind us”. He added: “But with recent strong demand from first-time buyers set to be hampered by higher inflation, and credit standards no looser than last year, we don’t expect approvals to surge. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....”. Groups representing aspiring first-time buyers welcomed the ban on letting agents fees which had been trailed ahead of Wednesday’s statement, and the additional funds for new homes. ...
Five minute guide to helping the young manage finances image
Source : Daily Express [Read Article] Sunday 20th of November 2016 12:01:00 AM
....Climbing on to the first rung of the property ladder is getting harder all the time, as house prices continue to rise. The asking price for the typical first-time buyer property has risen by £15,000 over the past year to hit a whopping £192,147, according to Rightmove. ...
Fix your mortgage rate now if you’re worried about Trump and Brexit image
Source : Guardian [Read Article] Saturday 19th of November 2016 07:00:02 AM
....So if you are thinking about signing up for one of the cheap fixed-rate deals on offer, act now to avoid paying more than you need to. According to the Council of Mortgage Lenders, home loan affordability has reached a “historic low” for both first-time buyers and home movers. ...
Redfern housing report 'has downplayed true reasons for homes crisis' image
Source : Guardian [Read Article] Wednesday 16th of November 2016 06:56:15 PM
.... Just 139,030 were completed in the year to June 2016, according to the Office for National Statistics. However, the review, led by Pete Redfern, chief executive of housebuilder Taylor Wimpey, claimed the biggest drivers behind the decline in home ownership since the financial crisis were a fall in real incomes for potential first-time buyers, and banks tightening their mortgage lending. ...
Barratt Developments says demand for new homes 'strong' image
Source : BBC [Read Article] Wednesday 16th of November 2016 08:38:57 AM
....But the company said the London housing market was "more challenging" because of the higher selling prices. The news comes on the day that a report said first-time buyers need more help to stop a decline in home ownership. ...
First-time buyers need more help, review finds image
Source : BBC [Read Article] Wednesday 16th of November 2016 02:50:38 AM
....Lower incomes for younger people since the financial crisis in 2008, as well as their more limited access to mortgage finance, were major contributing factors, he said. To help them back on the housing ladder, Mr Redfern said schemes such as Help to Buy, which allows househunters to pay smaller deposits, should be targeted more exclusively at first-time buyers. ...
Redfern review into housing: worth building on? image
Source : Guardian [Read Article] Tuesday 15th of November 2016 10:01:01 PM
....It does not, for example, recommend that the government should throw yet more subsidies at homebuyers in the manner of George Osborne, the chancellor who did so much to improve housebuilders’ profits and share prices. Instead, the Redfern review says help-to-buy schemes are inflationary and should be restricted to first-time buyers seeking lower-priced homes. ...
Boom in office-to-home conversions drives rise in housing stock image
Source : Guardian [Read Article] Tuesday 15th of November 2016 06:49:41 PM
....7%. It blames a mix of high house prices, tougher lending restrictions and a relative fall in the income of first-time buyers for the squeeze on home ownership. ...
Mortgage costs at record low, say lenders image
Source : BBC [Read Article] Tuesday 15th of November 2016 11:49:46 AM
....Mortgages are now more affordable than they have ever been, according to the Council of Mortgage Lenders (CML). In September, the average homeowner - excluding first-time buyers - spent 17. ...
Most renters feel they're unlikely to buy home in next five years – review image
....A poll of about 2,000 people from around the UK found 62% of those living in rented accommodation felt they were unlikely to buy in the next five years. Among the population as a whole, 49% thought more should be done to disincentivise buy-to-let, while two-thirds thought the government should do more to help first-time buyers. ...
The ground rent scandal that is engulfing new home buyers image
Source : Guardian [Read Article] Saturday 5th of November 2016 07:01:40 AM
.... We contacted the Home Builders Federation, and it contacted Taylor Wimpey, and we got a letter basically saying ‘you signed what you signed’ and there’s nothing they can do as they no longer own the freehold”. She says that, as a first-time buyer, aged 25 at the time, she had no idea what she was letting herself in for. ...
Rents to rise faster than house prices, says Savills image
Source : BBC [Read Article] Friday 4th of November 2016 12:01:31 AM
....However prices in the north will start to "outperform" by the end of the five year period. At the same time demand for rental properties will increase, it said, as first-time buyers struggle with affordability. ...
End of the property boom? UK house prices to flatline, says forecast image
Source : Guardian [Read Article] Friday 4th of November 2016 12:01:02 AM
....On Wednesday, the UK’s largest building society, Nationwide, reported that prices had stalled in October, and said that in some parts of the country affordability was being squeezed. Cook said he expected first-time buyers to face “significant ongoing challenges in raising a deposit without financial assistance”, and that schemes such as the help-to-buy equity loan “look like they will need to become long-term features of government efforts to sustain housebuilding and home ownership”. ...
UK construction rises despite Brexit vote image
Source : BBC [Read Article] Wednesday 2nd of November 2016 11:13:17 AM
.... . "Even if prices are pressured and household incomes are constrained by inflation, at the first-time buyer level there is no lack of demand. ...
Childcare costs 'hit mortgage applicants' image
Source : BBC [Read Article] Wednesday 12th of October 2016 09:23:29 AM
.... . The average first-time buyer was aged 30, they typically borrowed £136,300 and, on average, gave a deposit of 15%. ...
Cut stamp duty to revive housing market, says estate agency image
Source : Guardian [Read Article] Monday 10th of October 2016 11:01:31 PM
.... The increase followed an overhaul of the entire system in late 2014, which cut bills for most buyers, but increased costs for those at the top of the market. Both changes were introduced by the then chancellor, George Osborne, in an attempt to cool the property market and make it easier for first-time buyers to get on the ladder. ...
Age gap among first-time buyers sets in, the Halifax says image
Source : BBC [Read Article] Friday 7th of October 2016 08:58:44 AM
. A gap between the average age of first-time buyers in different parts of the UK has set in despite property price growth slowing, a lender has said. ...
Landlords lose legal challenge over buy-to-let tax changes image
Source : Guardian [Read Article] Thursday 6th of October 2016 02:44:02 PM
....”. However, Betsy Dilner of campaign group Generation Rent, which represents tenants and thwarted first-time buyers, said: “For too long the tax system favoured people who bought homes to make a profit over people who just wanted somewhere to live. ...
UK faces critical shortage of homes to rent, says Rics image
Source : BBC [Read Article] Monday 3rd of October 2016 11:01:22 PM
.... . Rics suggests that the stamp duty increase should be reversed, a move which would infuriate potential first-time buyers - many of whom say they are regularly outbid by buy-to-let investors. ...
I won’t miss help to buy. It only made the housing market worse | Jonn Elledge image
.... Since October 2013, buyers have been able to buy a home – existing as well as new-build – with a deposit of just 5%. Only first-time buyers qualify, the guarantee is only available on properties up to a certain price (£600,000), and no one is allowed to borrow more than 4. ...
Do a financial health check and midlife needn’t mean a crisis image
Source : Guardian [Read Article] Saturday 1st of October 2016 06:00:11 AM
.... And after graduation, and a boomerang back into the family home, getting them on to the property ladder is a concern. The Halifax issued data showing that the average deposit paid by a first-time buyer increased by 13% in 2015 to £32,927. ...
Philip Hammond announces end of Help to Buy housing scheme image
Source : Daily Express [Read Article] Friday 30th of September 2016 09:35:00 AM
....Treasury figures show 95 per cent of completions under all Help to Buy schemes have been outside London. Together the programmes have helped over 185,000 people including 150,000 first-time buyers purchase homes costing an average £191,000. ...
London mayor launches unprecedented inquiry into foreign property ownership image
Source : Guardian [Read Article] Thursday 29th of September 2016 02:09:05 PM
.... It will examine how foreign cash has changed the housing market – from exclusive high-cost accommodation to middle- and low-cost homes – in different parts of London, and explore how other international cities are tackling the problem. Khan said: “We welcome investment from around the world in building new homes, including those for first-time buyers. ...
Closure of help-to-buy scheme confirmed by Philip Hammond image
Source : Guardian [Read Article] Thursday 29th of September 2016 12:34:28 PM
....The scheme has helped more than 86,000 households, many of them buying lower-value properties, with an average property price of £157,000 compared with the national average of £216,000. In March, the Intermediary Mortgage Lenders Association, which represents firms who lend through brokers and advisers, found that 75% of brokers and 65% of lenders expected first-time buyer numbers to drop if the scheme ended without a replacement. ...
Struggling to get on the housing ladder? Why not buy with friends image
Source : Guardian [Read Article] Monday 26th of September 2016 05:59:22 AM
.... Figures from conveyancing firm My Home Move show the number of homes bought by “single” purchasers has fallen by an average of 4% over the past five years, equivalent to around 10,000 transactions a year. The benefits of pooling resources are clear: My Home Move figures show a couple of first-time buyers can afford homes worth around £100,000 more than their single counterparts. ...
First-time buyers must wait seven years longer for home in south-east England image
Source : Guardian [Read Article] Thursday 22nd of September 2016 11:01:24 PM
....First-time buyers in parts of south-east England are having to wait seven years longer to get on to the housing ladder than those in some other areas of the UK, according to figures from the UK’s largest mortgage lender. Across the UK, the average age of a first-time buyer is now 30, but Halifax said this masked a big gap between the ages at which people were able to buy in different parts of the country. ...
Help to buy closure will not affect those with small deposits, says Bank image
Source : Guardian [Read Article] Thursday 22nd of September 2016 03:20:18 PM
.... Mortgage lending is up 19% over the last four quarters but up 8% on LTVs between 90 and 95%, he said. Peter Williams, executive director of the Intermediary Mortgage Lenders Association, said there was risk first-time buyers could be frozen out. ...
Boost for first-time buyers: Sellers should pay stamp duty NOT house hunters, says lender image
....The change would save a prospective home owner a typical £3,791, said the lender. In London first-time buyers would avoid an average tax bill of £13,171. ...
UK first-time buyers hit by steeper rises in starter home prices image
Source : Guardian [Read Article] Sunday 18th of September 2016 11:01:30 PM
.... While in August, sellers bringing such homes on to the market asked an average of £188,237, Rightmove said the latest listing price averaged £194,477. “The rising tide of prices is marooning more and more first-time buyers, out-stripping their ability to meet stricter lending criteria and afford the required deposits and monthly repayments,” said Miles Shipside, director at Rightmove. ...
Should YOU get a Lifetime ISA? Martin Lewis shares top tips on the new scheme image
Source : Daily Express [Read Article] Friday 16th of September 2016 03:06:00 PM
.... . Mr Lewis said: ”While the Lifetime ISA officially has two purposes, one for first-time buyers and the other for retirement savings, it's in property purchases where it really is going to be a no-brainer. ...
Mortgages for house purchases  fell in July, says CML image
Source : Guardian [Read Article] Wednesday 14th of September 2016 10:38:28 AM
....The number of mortgages taken out for house purchases dropped by 14% in July, the latest figures from mortgage lenders show, as the housing market slowed down around the time of the EU referendum vote. A total of 58,100 loans were taken out by first-time buyers and movers during the month, worth a combined £10. ...
Home owners borrowed 13% less in month after Brexit vote image
Source : BBC [Read Article] Wednesday 14th of September 2016 09:31:21 AM
....But the CML said it was still too early to assess the impact of the Brexit vote on the housing market. The fall amongst first-time buyers was particularly pronounced. ...
£32,000 anybody? image
Source : BBC [Read Article] Friday 9th of September 2016 06:33:25 PM
....All gains are free of income and capital gains tax. The money can only be used without penalty if you are a first-time buyer. ...
Brexit sparks foreign property spree in London image
Source : BBC [Read Article] Sunday 4th of September 2016 11:01:36 PM
.... . Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head against jittery first-time buyers. ...
What if? image
Source : BBC [Read Article] Tuesday 30th of August 2016 05:16:20 PM
....There's no hard evidence of it happening yet, but mortgage experts agree the idea of parents lending to children, other than their own, is an interesting one - especially at a time when interest rates for savers are so low. In principle, it has the potential to be a win-win, giving people with money a place to invest it with a decent return, and giving first-time buyers a leg-up. ...
Are we on the verge of a crash in house prices? Only the data will tell | Danny Dorling image
....Transactions fall when sellers refuse to drop the price they will accept because they want to believe that the economic effect of Brexit has been overplayed. They also fall when first-time buyers and landlords decide to wait to see if these small falls are a sign of more to come. ...
London housing: TfL land set for affordable homes as Sadiq Khan picks expert team image
.... The other is the start of assembling his expert Homes for Londoners unit at City Hall. The Kidbrooke site is the first brought forward by TfL under Khan’s manifesto pledge to supply “part-buy, part-rent” shared ownership homes on publicly-owned land for first-time buyers, giving “first dibs” to Londoners who’ve been renting for five years, especially in Outer London. ...
Pensioners releasing equity from homes to help kids onto property ladder image
Source : Daily Express [Read Article] Tuesday 23rd of August 2016 07:08:00 PM
....The Bank of Gran and Grandad is busy helping family members buy a first car, fund a wedding or start a business, but the most popular reason to lend is to help youngsters get on the property ladder, at an average contribution of £33,350. Getting on the first rung is increasingly costly with the average first-time buyer loan now a huge £135,400, according to the Council of Mortgage Lenders. ...

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