Mortgages numbers have halved in the last three months and rates are higher as cautious lenders prepare for the end of the furlough scheme.
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Category Archives: First Time Buyers
The happiest place in Britain is Northern Ireland overtaking the South West with London remaining as the unhappiest place to live.
Demand for property from new buyers entering the market has maintained pressure on house prices rising 2.6% for the year.
Second steppers looking for larger homes are driving the price of three and four bedroom properties to new record high prices.
Property prices for first time buyers in London rise by 98% over the decade and deposits are more than double the national average.
Homebuyers are more reliant than ever on the bank of mum and dad funding nearly a quarter of all housing transactions.
HSBC has cut rates to 1.14% on higher loan to values benefiting existing homeowners looking to move or remortgage.
Help to Buy schemes have been extended to March 2021 allowing thousands of homeowners to complete on their new build properties.
Post lockdown the UK housing market is in a mini-boom with asking prices at record highs and rising £7,640 this month.
Almost a third of the UK workforce intend to continue working from home to save the plant in a self imposed green lockdown.