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
Breaking Property News 20/8/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Why Angela Rayner Housing Secretary is in the wrong job – again A smile, bluster and vague soundbites will not solve the UK housing crisis Thought Leadership by Andrew Stanton – CEO Proptech-PR ‘I have been involved in the UK property industry since the mid 1980’s…
Read More 
Buyers Looking Beyond London
London new-build demand plummets behind commuter belt as buyers look beyond the capital Demand for new-build homes in Essex more than three times higher than in London, while Hertfordshire faces supply squeeze amid growing buyer appetite The latest research by UK Property Development has revealed a growing divide between London’s new-build market and…
Read More 
Top six tips for first-time buyers
Independent mortgage broker, Flagstone Financial, has outlined key advice for first-time buyers, pointing to flexible options as signs of an improving mortgage market. With high loan-to-value lending (80–95%) becoming more widely available, the property ladder is more accessible than in recent years, and experts at Flagstone Financial, partner of the Beresfords Group, are advising…
Read More 
England’s rental stock surges by as much as 86.6% in a year
Rental listings have almost doubled in Tyne and Wear since August 2025, with Greater Manchester and a host of other markets also recording double-digit growth The latest research from Propoly has revealed that England’s rental listings have climbed by an average of 7.4% in the past year, led by an 86.6% increase in Tyne and…
Read More 
One in five homebuyers have been ‘catfished’
The latest research from House Buyer Bureau has found that, with the rise of A.I, “homebuyer catfishing” is becoming an increasingly familiar experience for UK buyers, with one in five saying they viewed a property where the listing photos had been digitally enhanced to make the home appear better than it actually was. However, while the…
Read More 
Only 31% of letting agents confident their onboarding process protects against tenancy fraud
The latest research from Propoly has revealed that just 31% of UK letting agents are absolutely confident that their tenant onboarding process protects against tenancy fraud, as lengthy onboarding times and delays with referencing continue to create challenges for the industry. Propoly surveyed UK letting agents to understand how long tenant onboarding currently takes,…
Read More