first-time buyers
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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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Regulation & Law
FTBs facing huge affordability squeeze – but will Tories help?
Zoopla’s Richard Donnell says long-term fixed-rate mortgages could help first-time buyers but this is a cohort that needs Government support.
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Housing Market
Building societies calls for looser mortgage regulation to fix ‘broken housing market’
Successful first-time buyers rely on Bank of Mum & Dad and have two above-average incomes, leaving those without help, or single, stuck in the rented sector.
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Housing Market
One in five expect to wait until their 40s before owning a home
And more than 80% say that the cost-of-living has impacted their plans, with 49% having delayed them due to affordability concerns.
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Housing Market
‘Bank of Mum & Dad’ helped support a third of sales last year
Latest Legal & General data shows shocking way FTBs now rely on their parents, a growing trend confirmed by estate agency Yopa.
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Latest property news
Third of homes sold so far in 2024 go to first-time buyers
Lower mortgage rates driven by falling inflation have proved a lifeline with first-time buyers making up 33% of all buyers in the first quarter of the year.
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Latest property news
Homes Under The Hammer host spotlights UK’s abandoned properties
Together launches campaign to highlight opportunities for first-time buyers and doer-uppers to cash in on abandoned and derelict houses.
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