Latest mortgage news - First Time Buyers


21 Feb 2018

London remortgage buyers at eight year high as mortgages rates fall

The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.

17 Feb 2018

First time buyers are £27,000 better off than renters by owning a home

Costs to first time buyers are £900 per year less compared to renters and over their mortgage term buying a home saves them £27,000.

16 Feb 2018

Home ownership among young adults collapses over last two decades

The number of young adults on middle incomes owning a home has more than halved in twenty years with rising house prices.

27 Jan 2018

First time buyer numbers highest since 2007 despite deposits doubling

The number of first time buyers has risen for the sixth consecutive year to 359,900 with deposits doubling in the past decade.

22 Nov 2017

Stamp duty cut for first time buyers will increase house prices, says OBR

Changes in the budget means most first time buyers will not pay stamp duty but the OBR expects house prices to rise instead.

21 Nov 2017

Over a third of parents unable to help children buy their first home

First time buyers are less likely to be supported by the Bank of Mum and Dad as a third of parents are unable to financially support their children.

02 Nov 2017

Building homes above London railways could solve housing shortage

There is enough space above London railway lines to build apartment blocks adding 250,000 new homes for the capital.

23 Oct 2017

First time buyers face higher costs with mortgage rate rise expected

The cost of a fixed rate mortgage has increased for first time buyers and the Bank of England is expected to raise base rates next month.

17 Oct 2017

London house prices for first time buyers reduce and remain negative

First time buyers in London can expect to pay less to get on the property ladder as house prices fall and expectations remain negative.

05 Oct 2017

Help to Buy scheme receives £10bn boost to fund first time buyer homes

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.

29 Aug 2017

First time buyers can save money with a discount mortgage, says Moneyfacts

For first time buyers a discount mortgage could save them money rather than fixed rate where the interest charged is more expensive.

21 Aug 2017

Stagnant home mover numbers makes it harder for first time buyers

The number of home movers has reduced by -2% creating a shortage of properties for first time buyers and higher prices.

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