The number of remortgage buyers locking into attractive deals has increased 23% ahead of the Bank of England rate rise.
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The government’s Help to Buy scheme is an unmitigated success by helping 170,000 home buyers to realise their dream property.
Homes near the UK’s top thirty schools have seen price growth at 35% nearly twice that of the national average over the last five years.
There has been a fall in house prices for the month while demand for Help to Buy has increased by 21% over the year.
Average house prices in London fall -3.1% in August as sellers try to secure quick sales dragging down the UK property market.
The price per square metre for London properties stalls and is the lowest in Great Britain stalling for the first time in eight years.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
First time buyers must have a deposit of £115,000 to secure their first home as London house prices rise 48% in the last ten years.
Since stamp duty was abolished for first time buyers with homes valued under £300,000 total savings have amounted to £284 million.
The government should give first time buyers loans for their deposit to buy their homes to create a culture of home ownership.