Posts Tagged ‘first time buyers’
Help to Buy ISA’s proving popular
250,000 first time buyers have opened a Help to Buy Isa since the launch, that is one being opened every 30 seconds across the UK, according to an announcement on the Gov.UK website from HM Treasury and Rt Hon George Osborne MP. A quarter of a million first time buyers, more than half of whom…
Read MoreBuying cheaper than renting for FTB’s
Recent research from Santander Mortgages suggests that potential first time buyers would find it cheaper to buy than rent at the present time, they state that average rental prices are greater than average mortgage repayments in every region of the UK, a saving for first time buyers on average of £2,300 per year if they…
Read MoreHouse Price Index September 2015 from ONS
Released yesterday by the Office for National Statistics, the house Price Index September 2015. Main Findings from the publication. UK house prices increased by 6.1% in the year to September 2015, up from 5.5% in the year to August 2015. House price annual inflation was 6.4% in England, 1.1% in Wales, 1.1% in Scotland and…
Read MoreNAEA September Housing Market Report
House sales to first time buyers accounted for 29% of total sales in September, compared to 20% in August, a rise of nine percentage points from last month that is the highest since May this year. The number of house-hunters searching for properties dropped this month The number of properties available to buy at each…
Read MoreAugust house purchase lending….
According to the Council of Mortgage Lenders August house purchase lending was down 9% on July, but up 2% on last year. First-time buyers, home movers, home-owner remortgage and buy-to-let all saw a monthly decline in lending in August but an uptick (significant for buy-to-let) compared to August 2014. This is a normal seasonal trend,…
Read MoreUK’s FTB’s facing toughest conditions
According to an ING International Survey on Homes and Mortgages, first time buyers in the UK are facing some of the toughest conditions across Europe, the survey of over 15,000 people across 15 countries revealed. The study found that more than half of people in Europe see house prices rising over the next year, this…
Read MoreFirst time buyers priority for starter homes
The Government will make available £36m to go towards the creation of thousands more starter homes for first time buyers, £26m of this will go towards indentifying and purchasing brownfield sites and the balance for local authorities to prepare more brownfield land for development. Housing minister Brandon Lewis reportedly said: “Helping young people achieve their…
Read MoreBetter month for first time buyers
The National Association of Estate Agents stated in its April Housing Report that first time buyers represented approximately a quarter of house sales during that month, that is an increase on March when the figure for first time buyers was 22% compared to the 26% in April. Over half of member agents expect house prices…
Read MoreUnaffordable Housing
According to a new report from Shelter, many first-time buyers (FTBs) are finding themselves locked out of the housing market because of affordability issues, with many being placed under increasing financial pressure in order to buy their own homes. As a result of this the union UNISON is asking the Government to provide more help with…
Read MoreGood news from Halifax
The Halifax has introduced a new mortgage scheme for First Time Buyers, it will apply to those first time buyers applying for a qualifying mortgage between the 4th May to the 28th June this year, this offer excludes Buy To Let and Large Loans over £1 million. According to the Halifax they understand what a…
Read MoreAnother Labour promise
Another Lasbour promise, this time to exempt first time buyers from stamp duty. Ed Miliband intensifies the polical offensive over housing with an offer to exempt first-time buyers from up to £5,000 in stamp duty, it would apply to houses with a purchase price of under £300,000 The Labour leader hopes to fund the tax…
Read MoreNew “Rent to own” homes promised by Lib-dems
Help for first time buyers is pledged by the Liberal democrats by way of a “rent-to-own home scheme if they manage to win the election in May. Housing has become one of the main issues to be addressed by all parties in the lead up to the election, getting that foot on the property ladder…
Read MoreGood news for first time buyers under 40.
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…
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