New research by the Resolution Foundation finds the average first time buyer takes 24 years to save enough deposit to buy their home.

Homebuyers in London are to benefit as the government improves Help to Buy and removes restrictions for Shared Ownership scheme.

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.

Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.

The government’s Help to Buy scheme has hit record levels in June for the equity loan part with 4,745 completions.

Figures from the Council of Mortgage Lenders show mortgage lending has recovered since the election and reached a seven year high.

Annual house price rise in April is 5.5% down from 9.6% in March, says ONS, while the number of Help to Buy completions have decreased.

A survey sponsored by Shelter shows that half of parents expect their children would require an inheritance from them to buy their first home.

The Chancellor is to give all first time buyers up to £3,000 when they save towards their deposit into a Help to Buy Isa to buy a home.

Data from the CML shows that 52% of first time buyers received financial help from the ‘bank of mum and dad in 2014 to buy their first home.

The government’s Help to Buy scheme finishes at the end of 2016 and should be replaced to ensure competition in the housing market.

Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.