There were 310,000 first time buyers in 2015 according to the Halifax with an increase in the number taking 35 year mortgages.
Read More
Category Archives: Mortgage Buyers
New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.
Extra powers could be handed to the Bank of England to limit buy-to-let landlord borrowing to maintain financial stability.
Property prices in the UK have increased 7.0% over the year to October with an average price of £287,000 according to the ONS.
The Halifax data shows house prices are up 1.4% on the quarter despite a fall last month and is expected to rise strongly.
People struggling to buy their first home are given a helping hand with the Help to Buy Isa free from tax and up to 4% interest.
Older borrowers could soon be offered mortgages into their 80s and 90s as building societies review their age limits.
Data from the CML shows overall lending is up 19% year on year as remortgage buyers return after a dip during the summer.
Halifax report shows house price growth increased year on year to October of 9.7% due to improving economic conditions.
House prices in the UK are up 3.9% for the year and homeowners are biased toward fixed rate mortgages ahead of an interest rate rise.