Significantly lower interest rates has improved mortgage affordability across the country since the financial crisis according to the Halifax.
Read More
Category Archives: First Time Buyers
Latest data from Moneyfacts shows the amount of cashback offered by lenders to first time buyers with small deposits is lower in the last two years.
Home buyers borrowed £11 billion in November up over 5% on the month reflecting a stable market and aspirations for home ownership.
The rise in property values for the East of England are leading the market with new-build homes seeing a 32% price increase in the last year.
The number of first time buyers reaches an all time high last year with more people opting for longer term mortgages of 30-years or more.
After years of falling rates the 10-year fixed rate mortgage costs are beginning to rise according to research from Moneyfacts.
At the end of December phase two of the Help to Buy scheme is going to be withdrawn by the government after a successful three years.
There are striking differences in affordability for first time buyers across the UK as rapid house price rise makes it harder to borrow.
Research from the CML shows the number of London home buyers has increased since the Brexit vote with affordability remaining unchanged.
The cost of a mortgage as a proportion of household income has reached an historic low although there is no increase in house purchase activity.