Mortgage lending to first time buyers in Greater London is 16% lower to the previous quarter according to the latest CML report.

The average first time buyer now needs a salary of £77,000to buy a home, says KPMG, as house prices continue to rise.

A new two year fixed rate mortgage from the Co-Operative Bank offers only 1.09% interest and borrowers must pay a high £1,500 fee.

New pension freedoms have increased the number of buy-to-let mortgages reducing the cost with new cheap deals.

The lowest ever five-year fixed rate mortgage deal was launched by HSBC as competition between lenders for new business intensifies.

Data from Rightmore reveals property prices have reached a new high due to a lack of sellers and more people looking to buy.

David Cameron is to allow 1.3 million families the dream of owning their own home by extending the Right to Buy scheme first started in the 1980s.

The Council of Mortgage Lending report shows house purchases have declined 16%, a greater amount than expected due to the election.

Mortgages taken out by home buyers increase says Bank of England although house prices slowed for the seventh month in a row.

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.

UK house prices have reduced by 0.3% in the last month while surveyors have reported a fall in the housing stock coming to the market.

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.