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
Zoopla House Price Index Reaction
The latest index from Zoopla shows that: – First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 – nearly 3x the rate of UK house price growth There are 6% fewer first time buyers in the market than this time last year, but those that…
Read More 
First-time buyers target homes worth £10,000 more
Housing market activity is holding up in the face of uncertainty, though with fewer buyers than a year ago the outlook remains finely balanced. First-time buyers are targeting homes worth £10,000 more than a year ago, with average prices up 4.3% to £254,750 — nearly 3x the rate of UK house price growth There…
Read More 
The garden upgrades that can add the most value
The garden upgrades that can add almost £9K to your home’s value this summer With summer traditionally one of the busiest periods for the property market, new research from Yopa reveals that adding a garden room or home office could boost the value of the average UK home by almost £9,000 after costs, making it…
Read More 
Property values climb in Q1
The latest Property Market Index Review by London lettings and estate agent, Benham and Reeves, has revealed that the property market lost momentum during the first quarter of 2026, with house prices showing signs of recovery following the previous quarter’s fall. The Benham and Reeves Market Index Review The Benham and Reeves Property Market Index…
Read More 
Propertymark backs move to commonhold
Propertymark has welcomed proposals from the Ministry of Housing, Communities and Local Government to phase out the sale of new leasehold flats in England and Wales, while warning that the transition to commonhold must be carefully managed to avoid market disruption and consumer confusion. Responding to the UK Government’s consultation on “Moving to commonhold: banning…
Read More 
Phasing out leasehold flats is the right thing to do
Propertymark has welcomed UK Government proposals to ban the sale of new leasehold flats and replace them with a commonhold system designed to give homeowners greater control over their properties. Responding to a consultation launched by the Ministry of Housing, Communities and Local Government, Propertymark said the reforms could help tackle many of the long-standing…
Read More