UK first-time homebuyers need £59k deposit – up £12k on a year ago – study finds

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

Sophie Turner ogles over first-time father Joe Jonas after he showcases ripped abs in mirror selfie

Sophie Turner ogles over husband and first-time father Joe Jonas after he showcases ripped abs in shirtless mirror selfie: ‘1-800-DIAL-A-DADDY’ By Kevin Kayhart For Dailymail.com Published: 03:32 GMT, 21 March 2021 | Updated: 03:32 GMT, 21 March 2021 Joe Jonas and wife Sophie Turner became first-time parents when they welcomed their daughter Willa to the … Read more

The most and least affordable places for first-time buyers now

The gulf between the most and least affordable places to live within different regions of Britain is growing, Nationwide Building Society research shows. Within London, the notoriously expensive borough of Kensington and Chelsea is the least affordable place in the capital to live, when taking into account factors like house prices and average earnings. Within … Read more

Golden Globe first-time nominees such as Maria Bakalova and Amanda Seyfriend talk

The Golden Globes will air this Sunday on NBC, though it will look quite different, for a few reasons. Tina Fey and Amy Poehler will host a bi-coastal ceremony from New York and Los Angeles, with a record 18 first-time nominees this year. All 18 of the first-timers, including Borat 2 star Maria Bakalova and … Read more

Best 10% deposit mortgages: What are the top rates for first-time buyers?

Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more

Twice as many first-time buyers splashed more than £1million on their home last year 

The proportion of first-time buyers spending more than £1million on their homes has doubled in the past year. Two per cent of buyers spent a seven-figure sum on their first home in 2020, compared to one per cent the year before, according to data from the estate agent Hamptons International.  Based on Halifax data which … Read more

It’s a tough time to be a first-time buyer – but these expert tips could help you on the way 

Getting on to the property ladder is an aspiration shared by millions of people across the UK. Roughly two in five UK households are in the private or social rented accommodation according to ONS figures, and many will have aspirations to buy.  However, rising house prices mean that becoming a homeowner can seem an increasingly … Read more

First-time homeowner reveals she used secondhand purchases to renovate her dated kitchen

First-time homeowners who had a tight budget revealed how they were able to transform their dated kitchen, while saving on the cost of an average renovation by 28 per cent. Sarah Macklin, 25, and her husband Jay, 26, who live in Cheshire, explained that they bought a secondhand kitchen on eBay for £850 and installed … Read more

Will 2021 end the first-time buyer squeeze that sent deposits to £57k?

The lockdown property market mini-boom that sent house prices climbing spelt bad news for first-time buyers last year.  Against a backdrop of rising property prices and a mortgage crunch as banks and building societies reined in lending, the size of the average first-time buyer deposit by nearly £11,000 last year to more than £57,000 – … Read more

Parents feel squeeze as first-time buyer deposits rocket up to 25% to almost £60k 

Bank of Glum and Dad: Parents feel squeeze as first-time buyer deposits rocket up to 25% to almost £60k House prices reached record highs in November, with the average deposit for first-time buyers leaping to nearly £60,000 Previous research showed more than half of first-time buyers under 35 relied on money from their parents Soaring … Read more