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....The findings, based on official earnings figures and Land Registry data for house prices in 356 local authority areas, come as the number of people departing London is at a five-year high, with net outward migration of 93,300 people in the year to June 2016, 80% higher than five years earlier. Andrew McPhillips, the chief economist at Yorkshire Building Society, said: “Across London and large swaths of southern England, which were already some of the most unaffordable parts of the country, it has become increasingly difficult for first-time buyers and those wanting to move up the housing ladder to be able to buy their first or next home. ... [Read full article on Guardian ]
Tuesday 12th of September 2017 11:01:48 PM
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....". Mark Harris, chief executive of mortgage broker SPF Private Clients, added: "There is continued strong demand for mortgages, particularly from first-time buyers and those remortgaging onto a cheap fixed-rate deals. ... [Read full article on Daily Express ]
Wednesday 30th of August 2017 02:57:00 PM
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....”. Ditching help to buy outright in 2021 may be undesirable since there is a fair case that first-time buyers still deserve a leg-up. ... [Read full article on Guardian ]
Tuesday 5th of September 2017 07:27:05 PM
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. Q My daughter is a first-time buyer and wants to use the government’s help-to-buy scheme even though I have offered to give her £50,000 as a deposit on a £200,000 house. ... [Read full article on Guardian ]
Tuesday 29th of August 2017 01:26:11 PM
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....None of this is meant to defend a status quo of house prices at 10 times local incomes in many locations, particularly in the south. The good news is that government policy is no longer wedded to pumping up prices; the stamp duty hikes have taken the froth off the top end of the property market, while buy-to-let tax increases mean landlords can no longer so easily elbow aside first-time buyers. ... [Read full article on Guardian ]
Tuesday 29th of August 2017 05:13:53 PM
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Latest Finance News related to First-time Buyer

Houses more affordable across half of UK now than in 2007 image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:01:48 PM
....The findings, based on official earnings figures and Land Registry data for house prices in 356 local authority areas, come as the number of people departing London is at a five-year high, with net outward migration of 93,300 people in the year to June 2016, 80% higher than five years earlier. Andrew McPhillips, the chief economist at Yorkshire Building Society, said: “Across London and large swaths of southern England, which were already some of the most unaffordable parts of the country, it has become increasingly difficult for first-time buyers and those wanting to move up the housing ladder to be able to buy their first or next home. ...
Help-to-buy scheme aids some buyers, but boosts builders even more | Nils Pratley image
....”. Ditching help to buy outright in 2021 may be undesirable since there is a fair case that first-time buyers still deserve a leg-up. ...
Autumn Budget 2017 Date & Predictions: Stamp duty & pensions could be hit by Hammond image
....The group said this would increase mobility at all levels, as people moving up the ladder would be paying duty on the lower-priced house that they are selling rather than buying. It would also help more first-time buyers on to the ladder, while maintaining the valuable source of income for the Treasury. ...
House prices to stay strong as cheap mortgage rates help lending hit nine-year high  image
Source : Daily Express [Read Article] Wednesday 30th of August 2017 02:57:00 PM
....". Mark Harris, chief executive of mortgage broker SPF Private Clients, added: "There is continued strong demand for mortgages, particularly from first-time buyers and those remortgaging onto a cheap fixed-rate deals. ...
​Some might pray for a house price crash, but be careful what you wish for | Patrick Collinson image
....None of this is meant to defend a status quo of house prices at 10 times local incomes in many locations, particularly in the south. The good news is that government policy is no longer wedded to pumping up prices; the stamp duty hikes have taken the froth off the top end of the property market, while buy-to-let tax increases mean landlords can no longer so easily elbow aside first-time buyers. ...
Does the help-to-buy scheme really offer the best rates? image
Source : Guardian [Read Article] Tuesday 29th of August 2017 01:26:11 PM
. Q My daughter is a first-time buyer and wants to use the government’s help-to-buy scheme even though I have offered to give her £50,000 as a deposit on a £200,000 house. ...
First-time buyers on the rise as tax charges deter buy-to-let investors image
Source : Daily Express [Read Article] Wednesday 23rd of August 2017 09:35:00 AM
. Half of all property purchase valuations in July were for first-time buyers, according to new research from Connells Survey & Valuation. ...
Second-home ownership up 30% since 2000, research finds image
Source : Guardian [Read Article] Saturday 19th of August 2017 03:54:34 PM
....Anne Baxendale, director of campaigns and policy at Shelter, said: “At a time when buying a first home is a pipe dream for many, councils should not be incentivising owners of second homes by offering a reduced rate on council tax. “By doing so, they encourage second-home owners to hoard the homes which are so desperately needed by aspiring first-time buyers, stuck in expensive and insecure private renting. ...
Here’s help to decide which of two Isas is the best to buy into image
Source : Guardian [Read Article] Saturday 19th of August 2017 06:00:06 AM
. The government is hailing the success of the help-to-buy Isa, with figures released today which show that a million accounts have been opened by first-time buyers since December 2015, with £1. ...
Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
....”. After their 10th night in the Hanover Terrace property the tenant will have spent more on rent than the £32,900 which the average UK first-time buyer spends on the deposit for their home. ...
Could Stamp Duty actually be AXED? Calls to BAN hated tax grow as housing crisis worsens  image
.... . Paul Smith, chief executive of estate agency chain Haart, said it means that buyers have to fork out £10,000 more than they did a year ago: "This is creating a real impact on the ground, as our branches have seen first-time buyer registrations drop by almost 20 per cent over the year. ...
UK house price growth slows with London and north-east hardest hit image
Source : Guardian [Read Article] Tuesday 15th of August 2017 12:57:18 PM
....James Tucker, the head of consumer price inflation at the ONS, said annual house price growth had slipped back “mainly due to the south and east of England, which have seen particularly pronounced slowdowns in the last year”. Despite slower increases in the value of property, first-time buyers are still entering the market, according to data published separately on Tuesday by the trade body UK Finance. ...
Boom or bust: what’s the truth about UK house prices? image
Source : Guardian [Read Article] Saturday 12th of August 2017 03:00:48 PM
....1bn to build more affordable homes,” said a spokesman for the Department for Communities and Local Government. “We’ve already helped more than 400,000 households into home ownership through government-backed schemes since 2010, and the number of first-time buyers is at a nine-year annual high. ...
‘Draconian’ Stamp Duty will trigger HUGE house price CRASH by stopping elderly downsizing image
....The lack of supply has pushed house prices to record highs in recent years. Affordability is one of the biggest obstacles for first-time buyers trying to get on to the ladder. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....Chief executive officer Clive Fenton says a retirement exodus is on the way with the numbers willing to downsize set to double over the next 20 years as the population ages. He is calling on the Government to put specialist retirement housing higher on the planning agenda as there is a shortage of suitable properties to move into: "The Government's Help-to-Buy scheme and other initiatives have boosted the supply of first-time buyer properties but done nothing to help housing choices in later life. ...
Student debt: What is going on with the Student Loans Company? image
Source : Guardian [Read Article] Saturday 5th of August 2017 06:00:04 AM
....Put bluntly, it is the prospect of having to pay 6% interest on student loans when the Bank of England base rate is 0. 25% and when mortgages, even for first-time buyers, are 2-3% interest. ...
Help To Buy: Fears first-time buyer scheme will be AXED image
Source : Daily Express [Read Article] Friday 4th of August 2017 03:33:00 PM
....The Help To Buy ISA was only launched at the end of last year and gives savers a 25 per cent bonus on savings, which can then be used as a deposit for a first home. A different strand of the scheme provides a loan for a 20 per cent deposit to first-time buyers who have saved at least five per cent. ...
The Guardian view on Grenfell and the housing crisis: no more excuses | Editorial image
....In England and Wales, overheated property prices are not exclusively a London problem; they are not primarily a product of foreign money. There are arguments for limiting the marketing of new developments overseas, because it inflates not just the prices of super-homes but also of small flats intended for first-time buyers, but they are so far untested. ...
Goodbye 25-year mortgages, but are we walking into a borrowing trap? image
Source : Guardian [Read Article] Saturday 29th of July 2017 06:00:43 AM
....One in six borrowers is taking out a mortgage lasting 35 years or more, official figures show – meaning many will still be paying off their loans well into their 70s. The data prompted one leading broker to declare that the traditional 25-year mortgage is “a thing of the past”, particularly when it comes to first-time buyers. ...
Housing market still reeling a decade after financial crisis, Savills says image
. Ten years on the housing market is still feeling the after-effects of the credit crunch, with existing homeowners struggling to trade up, a doubling of typical first-time buyer deposits, and a “huge gap” between London and the rest of Britain, according to a new report. ...
Leasehold in England and Wales is last redoubt of a colonial relic image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... Direct Line estimates the typical ground rent to be currently £371. Although unsuspecting first-time buyers were frequently told that 999-year leases were “virtually freehold”, the clauses meant that the ground rent would soon spiral to absurd levels. ...
Ground rents: aristocrats and shell firms among those making millions image
Source : Guardian [Read Article] Wednesday 26th of July 2017 05:00:32 AM
.... Direct Line estimates the typical ground rent to be currently £371. Although unsuspecting first-time buyers were frequently told that 999-year leases were “virtually freehold”, the clauses meant that the ground rent would soon spiral to absurd levels. ...
Victims of ground rent scandal demand action on existing abuses image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:13:28 PM
....Tens of thousands of homebuyers have found themselves trapped in spiralling ground rent contracts where, in many cases, the annual amount they have to pay to the freeholder doubles every 10 years. Jafar’s situation is not unusual, though there are some whose plight is arguably even worse: last October, the Guardian reported on the case of a first-time buyer in Coleshill, near Birmingham, whose ground rent has already climbed to £8,000 a year, and would in theory keep doubling so that in 95 years’ time it would reach £8m a year. ...
Leasehold houses and the ground rent scandal: all you need to know image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:05:21 PM
.... Direct Line estimates the typical ground rent to be currently £371. Although unsuspecting first-time buyers were frequently told that 999-year leases were “virtually freehold”, the clauses meant that the ground rent would soon spiral to absurd levels. ...
What Brexit slowdown? UK housing market shrugs off concerns as property prices creep up image
....1 per cent last month. However, while this data includes a drop in prices for first-time buyers outside of London since June, the traditional blip in the market at this time of year has provided little solace for those trying to get on the property ladder. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
. The UK housing market is shrugging off concerns in the wider economy following the Brexit vote, compounding problems for many first-time buyers still wrestling with the strongest year-on-year price rises in the market. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
.... The firm is currently developing huge swathes of Salford, particularly by the river Irwell, and most blocks are already completely sold out at least a year before any tenants will move in. What many first-time buyers may find particularly enraging is that their taxes have helped to fund some of the developments they feel shut out of buying. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....”. Osborne’s 3 per cent stamp duty surcharge on buy-to-lets and second homes has reduced demand from that quarter, although it has given hope to first-time buyers, who are edging back into the market. ...
London mayor blasts council over cut to affordable homes in Battersea revamp image
.... BNP Paribas stated in the appraisal that the development should be able to provide as much as 50% of affordable housing if planning guidelines had been applied. While celebrities including Sting and Bear Grylls are among those who have already bought luxury units in the development, the application from the developers to slash the affordable housing came as a shock to nearby residents, first-time buyers, renters and local people promised a 40% discount on the average market rent. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
....Now add to the mix what is happening to the buy-to-let market. In its most uncontrolled phase, buy-to-let speculators drove prices up sharply as their tax-advantaged money outbid traditional first-time buyers. ...
One in seven UK private tenants pays more than half income in rent – study image
....The Local Government Association, which compiled the figures, said high rents were preventing young adults from saving up for a deposit for a home of their own. It said the average deposit now cost 71% of a first-time buyer’s annual income. ...
House prices will NEVER crash and just keep rising, predicts ex-Bank of England economist  image
....And the gap between values and incomes may never close, as the supply of homes fails to keep pace with the rising population, according to top economist David Miles. Home ownership among young people is likely to keep on falling, after first-time buyers struggle to afford sky-high prices, the professor warned. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
.... However, the crackdown on buy to let may have helped young people trying to get a foot on the property ladder. CML said house purchase activity was being driven predominantly by first-time buyers, with their numbers up 8% in the 12 months to April. ...
Battersea Power Station developer slashes number of affordable homes image
Source : Guardian [Read Article] Wednesday 21st of June 2017 04:50:02 PM
....The £9bn revamp of Battersea Power Station in central London has slashed the number of affordable flats to just 386, a 40% reduction from original plans. Previously, the plan was to construct 636 homes affordable homes targeted at local residents, first-time buyers and renters, with locals promised a 40% discount on the average market rent. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
.... Since 2006 house prices have risen by 29% nationally but 93% in London, according to the Nationwide index. But there were crumbs of comfort for first-time buyers, who now make up a bigger proportion of buyers than in recent years. ...
Why the political uncertainty won't shake house price foundations   image
Source : Daily Express [Read Article] Sunday 18th of June 2017 09:46:00 AM
....” The real problems lie elsewhere. “We continue to rely far too heavily on the Bank of Mum and Dad to fund purchases, while the cost of stamp duty continues to frustrate both first-time buyers and downsizers,” he adds. ...
Buying my own place was an impossible dream – here’s how it came true image
.... As a Generation Rent 34-year-old millennial living in London and working as a freelance journalist on a modest income, buying my own place always felt like an impossible dream. For starters, the average deposit for first-time buyers in London has jumped 276% in the past decade to a staggering £100,445, according to the Halifax. ...
Taxman has his sights on Bank of Mum and Dad as complex rules increase  image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:15:00 AM
....Key Retirement’s research shows that nearly six out of 10 parents and grandparents want to help children and grandchildren onto the property ladder, even if it means forking out large sums. With the average house price standing at £220,000 in April, according to the Office for National Statistics, first-time buyers will have to produce £22,000 to put down a 10 per cent deposit. ...
Foreign investors snapping up London homes suitable for first-time buyers image
. Foreign investors are buying up thousands of homes suitable for first-time buyers in London, using them as buy-to-let investments and often holding them in offshore tax havens, research for the London mayor, Sadiq Khan, has revealed. ...
Election 2017: Hung parliament and coalition means more house prices turmoil, warn experts image
...."If there is one message that has come out of this election, it is that the young have voted overwhelmingly for change. "Politicians will have to consider the needs of the young more than they have in the past which could mean more help for first-time buyers, perhaps extending Help to Buy so that it covers older properties as well as new build, dealing with affordability issues and more help on stamp duty. ...
Jeremy Corbyn's Land Value Tax: Labour's garden tax will see house prices CRASH image
....Homes would become cheaper because the new tax would directly affect current house prices and increase land supply, the LLC wrote in a briefing note. Falling house prices would give first-time buyers the opportunity to get on to the property ladder, said the LLC, which is backed by shadow chancellor John McDonnell. ...
First cash Lifetime Isa launched image
Source : BBC [Read Article] Tuesday 6th of June 2017 10:55:03 AM
....However there are heavy penalties for withdrawing money from a Lifetime Isa if you do not buy a property, or if you take the money out before the age of 60. The Skipton said that anyone aged 25 who saved the maximum amount would have a pot worth £40,776 by the age of 33 - more than the average first-time buyer deposit. ...
Yes, house prices are falling: but they probably won’t fall quickly image
....Always bear in mind that house prices are largely a function of how much a bank is willing to lend against an asset. Banks and building societies, no longer lending in volume to landlords, are now throwing money at first-time buyers. ...
The new hipsters? London's exclusive 'downsizer' homes for the over-55s image
Source : Guardian [Read Article] Wednesday 31st of May 2017 06:15:16 AM
.... “But you have to think about priorities. Is this really where we want to be going? Or do we want genuinely affordable social housing and shared ownership that’s targeted at first-time buyers?”. ...
Mortgage loan: Lending to wannabe buyers falls as number of homes for sale dips image
....The National Association of Estate Agents (NAEA) recently reported that the number of homes on estate agents' books dwindled to a record low in March, with around 10 house hunters for every available property. The CML's senior economist, Mohammad Jamei, said: "First-time buyers and re-mortgage customers appear to be buoying the market, as low mortgage rates are encouraging borrowers to re-mortgage and attractive government schemes are helping first-time buyers. ...
Housing market moving sideways, lenders say image
Source : BBC [Read Article] Thursday 25th of May 2017 10:28:25 AM
....From 1 April, the amount of tax relief they could claim on mortgage payments was reduced. The CML also said that the number of first-time buyers taking out mortgages had overtaken the number of people moving house for the first time since 1996. ...
Buy-to-let slump after stamp duty change image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:25 AM
....The latest figures are the first indication of the first full year since the tax change was made. Landlord house purchases have stayed low but first-time buyer mortgages have started to pick up. ...
House prices in UK shift to lower gear image
Source : BBC [Read Article] Tuesday 16th of May 2017 10:33:40 AM
....3%. The recent slowdown in house prices will be cheered by potential first-time buyers, who have seen property values rise at a much faster rate than interest on savings. ...
How to be on the winning side as mortgage war hots up image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
....The more you have, the better the rate. Most first-time buyers will not have the bulky deposit required to get the very best rates on the market – Springall says the average two-year fix with a 40% deposit has a rate of 1. ...
How YOU can get up to £2,500 cashback from your mortgage  image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:59:00 PM
.... But mortgage fees and higher rates may not make the cash offer as generous as it first appears. For example, Halifax is giving £1,000 cashback on a number of its mortgage, including its first-time buyer 1. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
....But the period of relatively strong growth since the middle of 2012 has been based on two factors: the fall in oil prices, which has since been partly reversed, and the willingness of consumers to take on more debt, which has limits. Growth this year will depend less on the housing market, which has topped out because property is unaffordable for first-time buyers, and more on the ability of exporters to take advantage of the depreciated pound. ...
'My parents want to help me but can't': readers on affording their first home image
....5bn this year to help them buy their first home, according to recent reports. But what about those who cannot afford to do this? We asked readers for their experiences of being first-time buyers, and parents who have given their children financial assistance. ...
Mortgage approvals dip for second month image
Source : BBC [Read Article] Thursday 4th of May 2017 09:49:42 AM
.... . "It is a good time for borrowers, with lenders keen to attract business from first-time buyers, home movers and those remortgaging. ...
How ‘Bank of Mum and Dad’ can help children buy home WITHOUT having to hand over cash image
....28 per cent for five years. But with mortgage rates at record lows, experts have said it parents should consider all first-time buyer options before opting for guarantor rates. ...
Parents '10th biggest mortgage lender' image
Source : BBC [Read Article] Tuesday 2nd of May 2017 09:52:41 AM
....This is up from the £5bn of lending estimated in L&G's equivalent survey a year ago. The average first-time buyer requires a deposit of about £26,000, lenders say. ...
Are your parents helping you to buy your first home? image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 09:25:58 AM
....”. If you are someone who is a first-time buyer we’d like to hear about your experiences of asking your parents for financial help. ...
'Bank of mum and dad' to lend £6.5bn this year, report predicts image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 05:01:18 AM
....Parents are predicted to lend more than £6. 5bn this year to help their children get on the property ladder as first-time buyers continue to struggle to afford homes. ...
Smaller deposits raise hopes for UK first-time homebuyers image
Source : Guardian [Read Article] Sunday 30th of April 2017 11:01:13 PM
. Easier access to mortgages with a small deposit has offered some glimmers of hope for first-time buyers struggling to get on to Britain’s housing ladder, according to a new report. ...
Our flat was perfect  – until planners let a restaurant open below image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... Hanoi Pho is still there. Flats above A1 premises may seem like a more affordable option, especially for first-time buyers as we were, but when a shop has the potential to become a restaurant overnight, even if only for a limited period, the smarter move is to look elsewhere. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
....". Last week, the Council of Mortgage Lenders (CML) said the UK's housing market was in "neutral gear", with a shift towards first-time buyer and remortgage customers, away from home movers and buy-to-let landlords. ...
Buy-to-let slump benefits first-time buyers, plus the best broadband firms image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. Buy-to-let slump puts first-time buyers in the driver’s seat. ...
Taylor Wimpey to pay up to £130m to settle ground rent scandal image
Source : Guardian [Read Article] Thursday 27th of April 2017 11:35:12 AM
.... Taylor Wimpey created an investment asset class – the freehold – which it then traded to anonymous and murky investors, who hide their beneficial ownership behind nominee directors. “This ground rent racket is wealth erosion on a massive scale, which has fallen mainly on young first-time buyers and their families. ...
As first-time buyers, can we take out a buy-to-let mortgage? image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:00:09 AM
.... So if your mortgage repayment was £1,000 a month, the monthly rent you received would have to be £1,450. What works against you is the fact that you are first-time buyers because it reduces the number of buy-to-let lenders who might be prepared to lend to you to around 20 (out of the 76 listed by Moneyfacts). ...
Canals offer alternative to London property ladder image
Source : Guardian [Read Article] Monday 24th of April 2017 08:56:18 AM
....It’s not hard to figure out what is fuelling this trend. Research from lettings agent Countrywide indicates the average London landlord charges between £1,289 and £2,318 a month, while Nationwide says the typical first-time buyer needs a £65,600 deposit to get a foot on the property ladder. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Miles Shipside, director of Rightmove, said there were signs of a “strong spring market”, which should help to offset any jitters in the market before the general election on 8 June. The first-time buyer sector was driving the price increases, Rightmove said, after changes to previously generous tax rules deterred buy-to-let investors from competing for similar homes. ...
Low rates, tight margins: the mortgage market looks worryingly familiar image
....Hang on, though. It is clear that – just as with the Treasury and Bank of England’s Help to Buy scheme, which subsided deposits for first-time buyers – keeping the housing market afloat takes a constant layering of policies, one upon another, to keep even middle-income groups in the game while prices climb year on year. ...
Buy-to-let slump puts first-time buyers in the driver’s seat image
Source : Guardian [Read Article] Saturday 22nd of April 2017 05:59:06 AM
....”. Estate agents report that the withdrawal of landlord buyers has left the market freer for first-time buyers without pushing up prices. ...
Record low rate signals mortgage battle image
Source : BBC [Read Article] Friday 21st of April 2017 09:48:53 AM
....Since that surcharge came in, the buy-to-let market has become more subdued, as has the market for home movers. The Council of Mortgage Lenders (CML) said this fall had been cancelled out by a pick-up in lending to first-time buyers but, overall, the UK's housing market was in "neutral gear". ...
Yorkshire Building Society launches record low 0.89% mortgage rate image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:01:02 PM
....9bn but lower than the figure for March 2016. Mohammad Jamei, the CML’s senior economist, said there had been a shift in lending towards first-time buyer and remortgage customers in recent months, and away from home movers and buy-to-let landlords. ...
Average UK house price falls £1,000 since start of year image
Source : Guardian [Read Article] Saturday 15th of April 2017 07:01:18 AM
.... Bank of England figures showed mortgage approvals fell for the first time in six months in February. “The softening in values and continued low mortgage rates are positive news for first-time buyers trying to get on to the property ladder,” said Zoopla’s Lawrence Hall. ...
Can I use my help-to-buy Isa to buy a property with my brother? image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....A It is a key requirement of the help-to-buy Isa that to qualify for the 25% bonus that the government adds to your Isa savings when you buy a property, you must live in it. You must also be a genuine first-time buyer, the property you buy must cost £250,000 or less (£450,000 or less in London), be purchased with a mortgage and be the only home you will own. ...
Estate agents struggling to find homes to sell, says report image
Source : Guardian [Read Article] Wednesday 12th of April 2017 11:01:10 PM
.... In separate data, the Council of Mortgage Lenders said buy-to-let lending plummeted by 44% in February compared with a year earlier. But the absence of landlord buyers appears to be leaving the market more open to first-time buyers, who took out 11% more house purchase loans than a year ago, said the CML. ...
UK house price growth 'picking up' image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:33:40 AM
....". That number was driven by an increase in the number of first-time buyers. ...
Property’s equity can help your loved ones image
Source : Daily Express [Read Article] Sunday 9th of April 2017 12:01:00 AM
. The Bank of Mum and Dad is more generous than ever before, offering financial help to more than one in three first-time buyers, according to new figures from the Social Mobility Commission. ...
Lifetime ISA providers: Which banks offer a Lifetime ISA? image
Source : Daily Express [Read Article] Friday 7th of April 2017 04:51:00 PM
....The new LISAs give savers aged 18 to 40 the chance to get a 25 per cent kickback from the Government for every pound that they deposit. After the launch on Thursday April 6, Money Saving Expert Martin Lewis described the LISAs as a 'no-brainer’ for almost every first-time buyer. ...

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