First-time buyer mortgages are back as banks launch a host of new deals and cash incentives By Money Mail Reporter For The Daily Mail Published: 22:02 GMT, 1 December 2020 | Updated: 22:02 GMT, 1 December 2020 First-time buyers have been offered a glimmer of hope as banks launch a host of new deals and … Read more
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
Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row. With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more
Now home buyers need to stump up 40 per cent deposits to get a mortgage as economic devastation from coronavirus threatens a new credit crunch TSB has withdrawn two-year mortgage deals with less than 40 per cent deposits Barclays has ended mortgages for borrowers with less than a 25 per cent deposit A Bank of … Read more
Prime Minister Boris Johnson today promised to turn ‘generation rent into generation buy’ with plans to boost the availability of long-term mortgages for homebuyers with a small deposit. In a speech to the virtual Conservative Party conference the PM said up to two million people who could afford repayments cannot currently get home loans. He … Read more
House prices in Oldham are increasing the most across UK towns and cities and at DOUBLE the national average, Barclays Mortgages’ Postcode Property Index reveals – and Croydon is seeing the biggest growth in London House prices in 0L8, in Oldham, Greater Manchester, have seen the biggest rise Property value increased by an average of … Read more
Give homeowners help to pay their mortgages, think tank tells government as payment holidays draw to a close in weeks Homeowners have been able to take a mortgage holiday during lockdown As part of the government scheme, those who paused payments have not been officially penalised on their credit reports That protection ends on 31 … Read more
Bank of Scotland facing court battle with homeowners stung by debts linked to house prices after shared appreciation mortgage scandal negotiations fail Shared appreciation mortgages have left elderly homeowners owing Bank of Scotland and Barclays enormous debts due to house price inflation Law firm Teacher Stern has been fighting for fairer charges for those affected … 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
First-time buyers with a 10 per cent deposit have more mortgage options after Virgin Money unveiled four 90 per cent deals fixed for seven or 10 years. However, the deals have some restrictive elements. Firstly, buyers must fix for seven or 10 years – much longer than most fixed rates which last two or five years … Read more