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.
The government’s Help to Buy scheme finishes at the end of 2016 and should be replaced to ensure competition in the housing market.
Deposits from buy-to-let landlords have increased by 15% to an average £100,000 compared to struggling first time buyers.
Annual house prices in the UK have slowed from 6.8% to 5.7% in February for the first time in five months decreasing by 0.1% during the month.
New data from the English Housing Survey shows the number of outright homeowners is greater than those buying with a mortgage.
According to the Council for Mortgage Lending (CML) gross mortgage lending decreased by 14% in January to £14.3 billion.
Data from the CML shows lending to buy-to-let landlords has increased by 26% in the last quarter of 2014 compared to the previous year.
With interest rates remaining low lenders are lowering fixed rate mortgages even for homebuyers with only small deposits.
The Council of Mortgage Lenders (CML) have released data showing the number of homeowners losing their house is down 26% in the last year.
Over the three months to January house prices were 1.9% higher than the previous period across the UK despite uncertainty over the election.
Bank of England data shows a rise in the number of mortgage approvals to 60,275 as lenders bring back low cost mortgages.
Data from the Nationwide and Land Registry shows house prices grow is the lowest since 2013 and reduced in January.
First time buyers have struggled to buy their first home with numbers declining for more than a decade according to the ONS.
Data from the Council of Mortgage Lending shows mortgage lending has reached a six-year high although lending has now slowed.
Data released from the ONS shows the cost of buying a home for first time buyers has increased by 11% over the year.
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.
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.
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