Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.
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Category Archives: First Time Buyers
Homeowners living within 60 minute commuting distance by train to Central London pay nearly 60% less for an average property.
House prices remain subdued creating an opportunity for first time buyer house hunters as home owners struggle to sell their home.
The earnings a first time buyers need to to get on the property ladder in a UK city has increased by £8,000 over the last three years.
Prime Minister Theresa May has pledged £2bn of funding for social housing building tens of thousands of new homes.
The government’s Help to Buy scheme is an unmitigated success by helping 170,000 home buyers to realise their dream property.
There has been a fall in house prices for the month while demand for Help to Buy has increased by 21% over the year.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
First time buyers must have a deposit of £115,000 to secure their first home as London house prices rise 48% in the last ten years.
Since stamp duty was abolished for first time buyers with homes valued under £300,000 total savings have amounted to £284 million.