The number of first time buyers is 22% up and a seven year high, says the Halifax and helped by high loan to value mortgages.
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The latest report from the Halifax shows the Greenwich as the top house price performer rising 24.6% this year.
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
Data from the Office of National Statistics (ONS) shows house prices outstripping inflation even though the market is off the recent peak.
New scheme launched by Prime Minister offers 100,000 new build homes to first time buyers with 20% discount but affordable homes suffer.
The stamp duty reforms introduced by the chancellor George Osborne are expected to boost house sales by 2-5% says Rics.
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
More homebuyers in their 40s are unable to buy or remortgage their homes with tougher rules and rising house prices.
The number of mortgage approvals have reduced according to the British Bankers’ Association (BBA) by 16% over the year.
Plans by both the Labour and Liberal Democrat parties would impose a mansion tax for properties worth £2 million or more if they win the election.