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

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

Homebuyers breathe easily as stamp duty holiday extended

House prices expected to hit record highs this year after Chancellor’s extension of current stamp duty holiday By Rachel Rickard Straus, Financial Mail On Sunday Published: 21:50 GMT, 6 March 2021 | Updated: 21:50 GMT, 6 March 2021 Benefit: First-time buyer Jessica Sena saved £5,000 from the holiday House prices are expected to hit record … Read more

Budget 2021: Homebuyers react to Rishi Sunak’s new mortgage guarantee scheme

Aspiring homebuyers today welcomed the Chancellor  announcement that they will receive extra help to get onto the ladder as he pledged a new mortgage guarantee scheme and an extension of the stamp duty holiday.  Rishi Sunak‘s fresh initiative will incentivise lenders to provide mortgages to first-time buyers as well as current home-owners with just 5 per cent … Read more

Stamp duty holiday saves homebuyers a collective £5bn 

An estimated three quarters of a million home buyers are set to benefit from the Government’s stamp duty holiday, saving themselves nearly £5billion in tax. Around 740,000 people who agreed sales between May and December 2020 have either already taken advantage of the saving, or will do before the deadline, according to property portal Zoopla. … Read more

Homebuyers warned over stamp duty scams as deadline nears

Homebuyers warned over stamp duty scams: Thousands rush to complete sales before March deadline and criminals look to take advantage Stamp duty holiday has helped encourage a mini property boom in the UK  Criminals are trying to intercept funds using fake email communications  They could pose as solicitors or estate agents to trick buyers into … Read more

Hopes for homebuyers as stamp duty date looms

Homebuyers at risk of missing out on stamp duty holiday could still be thrown last-minute lifeline By Laura Shannon, Financial Mail on Sunday Published: 21:50 GMT, 9 January 2021 | Updated: 21:50 GMT, 9 January 2021 Homebuyers at risk of missing out on the stamp duty holiday could still be thrown a last-minute lifeline as … Read more

The London Underground stations that are the best value for homebuyers

Londoners looking to get their foot on the property ladder will be able to find a bargain home along the Metropolitan line where prices can reach as low as £290,000, a new property survey has found.  Properties along the line, which serves 34 stations and has the cheapest average house price of any tube line, have … Read more

Escape to the commuter belt: 73,950 homebuyers left London in 2020 in four-year high

An estimated 73,950 homebuyers left London in 2020 in a four year high, with people leaving the capital for the commuter belt.    It was the highest total since around 78,170 properties were bought elsewhere in Britain by London leavers in 2016. The average London leaver spent £372,860 on their home outside the capital, the research … Read more

Homebuyers hoping to move before Christmas are running out of time

Homebuyers hoping to move before Christmas are running out of time to arrange their removal company with many firms already booked up. Removal companies are struggling to meet the increase in demand from homebuyers this winter, with many already close to capacity, according to research from Bankrate UK.  ‘With shorter days and bleak weather, the … Read more