The government has pledged £10 billion for the Help to Buy scheme to fund 135,000 first time buyers to get on the property ladder.
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House prices in London are at £471,761 and negative for the first time in eights years with the weakest performance in the UK since 2005.
Prices of new build properties in England increased over 17% in a year with record loans from the government’s Help to Buy scheme.
Parents could be better off buying a student flat than paying children’s rent as prices in university towns rise £38,666 during a three year course.
The amount of wealth accessed by homeowners in 2017 by using equity release has increased 55% over the year helped by more products.
Higher house prices and stamp duty mean the cost of moving home in London has risen to £32,092 or 47% higher than a decade ago.
The number of remortgage buyers surge 12% taking advantage of record low mortgage rates to reduce the cost of repayments.
For first time buyers a discount mortgage could save them money rather than fixed rate where the interest charged is more expensive.
Number of home buyers taking out a mortgage in London is up 6% in the second quarter 2017 with strong demand from first time buyers.
There are over 5 million people with multiple properties after a 30% increase in their numbers since the start of the century.