Data from the Treasury shows that 80% of borrowers of the controversial Help to Buy scheme are first time buyers mainly from outside London.
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Category Archives: First Time Buyers
The OECD has warned that UK house prices were rising at an alarming rate when compared to rents and household income.
Property values in London are up by over 12% leading the UK which has seen mortgage lending 4% higher in March and 37% higher for the quarter.
The regulators are introducing tougher tests for home buyers based on affordability to prevent mistakes leading to the financial crisis.
Figures from the Office of National Statistics (ONS) show the price of homes for first time buyers have increased by 10.5% in the last year.
The Office for National Statistics (ONS) have reported UK house prices are up 9.1% in the last year to February 2014.
Data from the Bank of England shows the number of people taking out mortgages in February has fallen for the first time in the last year.
House prices were up 6.8% in January since a year earlier after a lost decade of building leaves the UK with a significant shortfall in homes.
Mortgage lender Halifax reports a 2.4% rise in house prices for February with pressure on the government to cancel Help to Buy scheme.
According to the Nationwide average house prices have increased by 9.4% in the last year and are not slowing down.