The number of home movers has reduced by -2% creating a shortage of properties for first time buyers and higher prices.
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Category Archives: First Time Buyers
Mayor Sadiq Khan has criticised Wandsworth Council for allowing the Battersea development to cut the number of affordable homes.
Strong demand from first time buyers continues as the price paid for homes reaches record highs in London across the country.
Homebuyers can expect tougher affordability tests from lenders when applying for mortgages as Bank of England acts over easy borrowing.
Research for Mayor of London Sadiq Khan shows first time buyers in the capital are losing out to overseas investors acquiring property.
The number of first time buyers increased by 30% in the last month with demand expected to continue with attractive mortgage deals.
Prices of new build properties have reduced by -7% as price inflation has eased and housing market activity is subdued across the country.
The number of first time buyers relying on the bank of mum and dad has reached a historic high and the trend is set to continue.
A quarter of all young Britons are certain they will never own a home and half think it is as harder than ever to get on the property ladder.
Home buyer borrowing in London reduces 5% or £310 million in the final quarter of 2016 continuing the downward trend for the capital.