Posts Tagged ‘first time buyers’
First-time buyer prices and rents rise three times faster than pre-pandemic
New analysis finds that over the past two years both first-time buyer asking prices and average rents for equivalent properties have risen three times quicker than the previous two years: Average monthly rental payments are 17% higher (+£128) than they were two years ago, compared to a 5% rise in the two previous years Average…
Read MoreThe deposit gap: First-time buyers need additional £12,000 for 15% deposit
As the housing market reopens in England new analysis by Rightmove shows the average first-time buyer 10% deposit is currently £24,189, jumping to £36,284 if a 15% deposit is needed The current average asking price of a typical first-time buyer property in England is £241,891, which is 2% higher than this time last year. There…
Read MoreMortgage Market softens according to UK Finance
UK Finance’s latest Mortgage Trends Update for September 2018 headlines ‘Mortgage Market Softens Following Period Of Strong Growth. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said: “Overall remortgaging for both residential and buy-to-let properties have levelled out after a period of strong growth. This reflects the number of fixed rate…
Read MoreFirst-Time Buyer numbers for August reaches highest level in over a year according to UK Finance
UK Finance’s latest Mortgage Trends Update for August 2018 headlines ‘Number of First-Time Buyers Reaches its Highest Level since June 2017’. The update reveals that there were 35,500 new first-time buyer mortgages and 38,000 new homemover mortgages completed in the month of August. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance, said:…
Read MoreStrongest remortgaging market in a decade according to UK Finance
Latest UK Finance’s Mortgage Trends Update for July 2018 released September headlines ‘Residential Remortgaging market sees strongest July in decades’. The update reveals that there were 46,900 new homeowner remortgages completed in the month, The £8.7bn of remortgaging in the month was 26.1 per cent more year-on-year. Commenting on the data, Jackie Bennett, Director of…
Read MoreFTB’s take advantage of dip in demand according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – July 2018 revealed tha the supply of properties available to buy increased in July, while demand fell. First Time Buyers took advantage of these market conditions, and almost a third of all sales were made to the group in July, according to the housing report from NAEA Propertymark. Mark…
Read MoreRemortgaging continued to dominate in June according to UK Finance
Latest news release from UK Finance dated 14th August 2018 headlines ‘House purchase activity slows in June but remortgaging activity remains high’. Commenting on the data, Jackie Bennett, Director of Mortgages at UK Finance said: “Remortgaging continued to dominate in June with borrowing figures up 13 per cent on the same period last year as…
Read MoreFirst-time buyers now driving housing activity according to Lloyds Bank Homemover review
The number of people moving home has dipped in the first half of the year and now account for only around half (49%) of the housing market – the first time homemover numbers have fallen behind first-time buyers since 1995, according to the latest Lloyds Bank Homemover Review. The Homemover review reveals that there were…
Read MoreFirst-time buyers will pay twice as much to buy a home in London compared to elsewhere in UK
New research from Lloyds Bank reveals it now costs twice as much for first-time buyers to buy a home in London compared to anywhere else in the UK (£420,132 vs £210,515). During the past five years, the average price of a property bought by a first-time buyer in London has risen by 64%, from £255,794…
Read MoreSmall increase in lending to first-time buyers in March according to UK Finance
Latest UK Finance Mortgage Trends Update for March 2018 headlined ‘Remortgaging Market Softens In March After Busy Start To The Year.’ UK Finance’s Mortgage Trends Update for March 2018 has revealed a small increase in lending to first-time buyers compared to a year earlier, while remortgaging levels softened slightly after a busy start to the…
Read MoreSales to first-time buyers rose in February 2018 according to NAEA Propertymark
Latest NAEA Propertymark Housing Report – February 2018 reveals: Sales to first-time buyers rose in February and the number of house-hunters fell in line with the supply of available properties. The number of prospective house-hunters fell by 16 per cent in February – from 367 registered per branch, to 309, year on year this is…
Read MoreSales to First-Time Buyers fall in January compared to previous month according to NAEA Propertmark.
Latest Housing Market report from NAEA Propertymark headlines ‘House-Hunters Flood The Market’ The report reveals that the number of house-hunters looking for new homes rose by 37 per cent in January. January saw an influx of sellers marketing their properties, the supply of available properties increased to 36 per branch on average, from 33 in…
Read MoreStill alot to be done to help those struggling to buy their first home (NAEA Propertymark)
News release 21st February 2018 from NAEA Propertymark headlined ‘Ways to help first time buyers enter the housing market’ Although recent figures show the number of first-time buyers (FTBs) has reached its highest level in a decade, there’s still a lot to be done to help those who are struggling to purchase their first home.…
Read MoreBuying a home is cheaper than renting according to Halifax
The latest Halifax Buying vs. Renting Review found that the average cost including mortgage payment of buying a three-bed home in the UK was £679 a month in December 2017, compared to the average monthly rent of £754 for the same property type. New research from the Halifax reveals that first-time buyers are saving £27,000…
Read MoreWeaker figures for mortgage lending in December 2017 according to UK Finance
Latest news release from UK Finance headlines ‘First-time buyers in 2017 reach decade-high but market cools in December’ UK Finance states: Mortgage lending for first-time buyers, home movers and buy to let purchases all fell in December 2017 compared to the previous year, UK Finance’s latest mortgage trends update reveals. However, 2017 overall saw the…
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