The government should give first time buyers loans for their deposit to buy their homes to create a culture of home ownership.
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Category Archives: First Time Buyers
London house prices exceed first time buyer annual earnings by 13 times and is more than twice the multiple of the North East.
Residential mortgage numbers have reached a new high and of these 40% are offered without arrangement fees from lenders.
The number of home movers have dipped to under half of all house purchases and now behind first time buyers for the first time since 1995.
The number of first time buyers increased 20% for the month and up for the year even though higher house prices limit affordability.
It cost double to purchase your home if you are a first time buyer in London compared to anywhere else in the country.
The average price for a flat has increased by £75,074 in just five years and rising faster than any other property type in the country.
New stamp duty relief introduced by the government has saved first time buyers £2,300 on average when buying their first home.
Homeowners desperate to sell their property are marking down the price by an average £24,947 from the original asking price.
The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.