first-time buyers
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Housing Market
First-time buyers return to market ‘as loan criteria eases’
Research by Savills shows that first-time buyers are spending more on house purchases, as Nationwide makes it eaiser for FTBs to secure loans.
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Housing Market
Estate agents back giving FTBs ‘first dibs’ over landlords
Among all of Labour’s proposals for the housing market, agents give top-ranking to handing first-time buyers the ability to buy new homes before investors.
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Housing Market
Average FTB mortgage payments up 61% since 2019
First-time buyers are shelling out over £1,000 a month in mortgage payments – more two thirds the amount since the last General Election, data from Rightmove reveals.
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Associations & Bodies
High house prices and deposits still ‘too high’ say buyers
The Building Societies Association warns that more than half of people think the deposit required to buy a home is too high and first-time buyers are struggling.
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Kate Faulkner
KATE’S VIEW: ‘High rents are helping fuel first-time buyer activity’
Kate Faulkner says there is hope for first-time-buyers and with the help of Nationwide and Hamptons, has the statistics to prove it.
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Housing Market
First-time buyers paying 191% more than parents did in 1990s
My Home Move Conveyancing Director, Alistair Singer, says average earnings-to-house-price ratio has more than doubled from 4.0 to 8.1 adding more pressure than ever on those looking to start their home-owning journey.
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Housing Market
Estate agents, your next first time buyer could be over 50!
Earlier this week, new data from the Bank of England revealed that the last quarter of 2021 nearly a third of mortgages had an end date beyond the state pension age.
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Latest property news
Subsidising weddings could help first-time buyers secure their first property
The Centre for Social Justice has called on the Government to discount the administrative, legal and booking fees of weddings for first-time married couples – saving on average £550 per couple.
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Housing Market
Huge North-South mortgage divide revealed among first time buyers
The state of the economy, mortgage availability, upfront costs and varying house prices across the UK are impacting affordability and financing options for first-time buyers.
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Housing Market
Smaller homes’ prices rise as first-time buyers compete
Smaller homes have recorded the strongest increases as first-time buyers battle higher mortgage costs and the cost-of-living, accounting for 53% of all homes bought with a mortgage in 2023 – the highest proportion since 1995.
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