Good news for first time buyers under 40.
December 15, 2014
A scheme offering 100,000 first-time buyers new homes with a discount of 20% to help people onto the property ladder will be launched by David Cameron later.
Those under 40 who have never owned their own home can register their interest in buying via the Starter Home Initiative from the start of 2015 – six months earlier than planned. This innitiative coming soon after the tightening of rules regarding the elegibilty of borrowers to obtain mortgages has to be good news for some. We all know how hard it is to get onto the property ladder and this way is a life line for those that will not qualify for a mortgage under the strict new mortgage affordability rules.
You May Also Enjoy
AI property search not yet mainstream
The latest research by GetAgent.co.uk has revealed that while artificial intelligence is increasingly being embraced across the property industry, the technology has yet to become a mainstream tool for buyers and sellers when it comes to searching for and marketing homes. GetAgent commissioned a survey* of UK estate agents to understand how widely AI-powered search…
Read More 
70% of Britain’s housing market is in recovery with prices trending upwards
The latest research from Yopa reveals that 70% of the British housing market is now in recovery with prices trending upwards following the challenging conditions of the past two years. This is despite the broader national picture showing that average house prices have edged down over the last six months. Yopa analysed six months of…
Read More 
Breaking Property News 12/3/26
Daily bite-sized proptech and property news in partnership with Proptech-X. ‘The actual work, making smart procurement decisions, protecting the owner’s budget was buried under a mountain of emails and calls’ Rihards Trops CEO of TenderPro Every property manager knows the feeling. You need to find a contractor, get three comparable quotes, coordinate site visits,…
Read More 
Renters’ Rights Act already driving surge in tenant complaints
“Renters’ Rights effect” drives unprecedented demand dispute resolution Industry redress scheme flooded with enquiries ahead of Act going live in May THE IMPENDING implementation of the Renters’ Rights Act has already led to unprecedented demand for The Property Ombudsman’s services, as more tenants seek support to resolve disputes fairly and independently. In the four…
Read More 
Rights Act: Key changes renters need to know — new rules start on 1 May 2026
The Renters’ Rights Act is a major overhaul of the rules that govern renting in England, the biggest in decades. Propertymark, the UK’s leading body for property professionals, wants renters to understand what’s coming and how it will affect them. The next wave of changes under the Act will take effect on 1 May 2026.…
Read More 
What Would Make Me Stay: How Tenants Are Redefining What Home Really Means
68% of tenants say the single biggest factor that would make them stay in their rental home long term is the relationship with their landlord or agent, above rent levels, location, or the quality of the property itself. That is the headline finding from LRG’s Winter 2025/26 Lettings Report, and it points to something the…
Read More