Soaring house prices have left many first-time buyers struggling to get on the property ladder. The cost of the average home has jumped by 10.9 per cent to £242,832 in only 12 months, according to Nationwide. It means that even with generous tax breaks and rock-bottom mortgage rates, the reality of home ownership is slipping … Read more
First-time buyers in England could get a home for up to half price after the Government launched a new affordable housing scheme. The scheme is known as First Homes, and the first properties built under it went on the market in the East Midlands market town of Bolsover today. With house prices having surged by … Read more
First-time buyers are more likely to be rejected for a mortgage than they were before the pandemic, a new study has found. Only one in five prospective first-time buyers were able to get a mortgage on their first attempt, according to Aldermore Bank’s annual survey of people who have got on the housing ladder. This … Read more
Nationwide lets first-time buyers borrow 20% MORE as it raises mortgage limit to 5.5 times salary – but they must lock in for five years UK’s second-largest mortgage lender changes loan-to-income calculation – but only for first-time buyers fixing their rate for between five and 10 years They will be able to borrow 5.5 times … Read more
95% mortgage deals backed by the state: First-time buyers can get on the property ladder with just a 5% deposit under a new scheme launching today High street banks including Lloyds, Santander and Barclays will start offering state-backed mortgages under a government scheme launching today Both first-time buyers and current homeowners will be able to … Read more
Viewers branded it ‘karma’ after a couple missed out on their dream first property together after squabbling over paying an extra £5,000 to secure the final deal on Location, Location, Location – despite it being £30,000 under their £750,000 budget. In last night’s episode of the Channel 4 show, professional dancer Georgie and insurance underwriter … Read more
Ministers have had yet another crack at fixing the market for first-time buyers. The much-maligned Help to Buy policy began a new era on April 1, with deals restricted to first-time buyers and price caps in place. The aim is to target support at those who need it most. It’s the latest in a line … Read more
Katharine McPhee gushes over becoming a mother for the first time in a sneak peek from an upcoming episode of The Kelly Clarkson Show. During the 37-year-old singer’s appearance, the topic of conversation focused on her newborn son, Rennie David, whom she welcomed earlier this year with husband David Foster, 71. When Clarkson asked how McPhee was doing … Read more
Bristol has once again been named as the most popular spot for first-time buyers purchasing their home with the help of Government-funded bonuses, This is Money can reveal. A total of 196 homes have been bought in the city with the help of a Lifetime Isa from the UK’s most popular provider so far this … Read more
First-time buyers need average deposit of nearly £59,000, which is £12,000 more than a year ago, study finds First time buyers need £12,000 more for a deposit than this time last year Halifax study found deposit requirement increased in every region of the UK Wales was found to have most significant increase with average amount increasing … Read more