First-time buyers squeezed by the mortgage crunch have been given another ray of hope as Yorkshire Building Society launches home loans for borrowers with a 10 per cent deposit. The move from one of Britain’s biggest building societies is better news for borrowers who have seen nine in ten of the mortgages for those with … Read more
Nationwide examining plans to make it easier for first-time buyers to get mortgage with 10% deposit By Helen Cahill, Financial Mail On Sunday Published: 21:50 GMT, 21 November 2020 | Updated: 21:50 GMT, 21 November 2020 Nationwide is examining plans to make it easier for first-time buyers to get a mortgage with a 10 per … Read more
First-time buyers should be allowed to their pensions for cash to get on the property ladder, minister says Guy Opperman said he is exploring ways pensions could be used to fund deposits in a bid to help young savers locked out of the housing market UK savers cannot currently access defined contribution pensions before 55 The … Read more
First-time buyers pay £140 more per month in mortgage repayments since beginning of the coronavirus crisis By James Salmon for the Daily Mail Published: 21:51 BST, 7 October 2020 | Updated: 21:51 BST, 7 October 2020 First-time buyers taking out a mortgage have seen monthly repayments rise by up to £140 during the coronavirus crisis, … Read more
Existing homeowners overtake first-time buyers as biggest source of demand in housing market By Daily Mail City & Finance Reporter Published: 21:50 BST, 27 September 2020 | Updated: 21:59 BST, 27 September 2020 Existing homeowners have overtaken first-time buyers as the biggest source of demand in the housing market. Online estate agent Zoopla said the … Read more
First-time buyers DENIED amid the housing market boom: Lack of mortgages forces HALF would-be homeowners to shelve purchase plans Nearly half of first-time buyers say their home buying plans have been delayed One in five says they had to pull out of buying a property due to lockdown This comes as the property market booms … Read more
Age of the 20% deposit dawns: Misery for first-time buyers as mortgage firms demand a FIFTH of price of new home – while existing owners enjoy boom in sales thanks stamp duty freeze More than 300 mortgage deals for borrowers with 15 per cent deposit are axed Not one high street bank offered mortgages for … Read more
First-time buyers and families risk being priced out with house price growth at its strongest level since 2016, the Royal Institution of Chartered Surveyors said today. ‘Virtually all parts of the UK are now seeing prices increase’ to some extent, with buyers facing a ‘sharp acceleration’ in prices up and down the country in August, … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
First-time buyers hit as HSBC axes 90% mortgages amid worries that a surge in demand ‘put property purchases at risk’ HSBC will temporarily suspend deals for borrowers with a 10 per cent deposit Most lenders pulled these deals earlier this year due to reduced staff numbers As of this morning there were just 62 90 … Read more