Tag: First-Time Buyers
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First-Time Buyers Could Get “First Dibs” On New Homes Over Landlords
New Labour plans could see first-time buyers getting the chance to buy new-build homes ahead of buy-to-let landlords. A new survey by GetAgent.co.uk has revealed that over half of estate agents (56%) support giving first-time buyers “first dibs” on new homes. This policy – previously suggested by Boris Johnson in 2019 – could give those…
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Starter Homes Shrinking While Deposits Skyrocket!
First-time buyers face a tough climb up the property ladder as homes get smaller and pricier, while deposits demand a king’s ransom! Thinking of buying your first home? Get ready for a bumpy ride! A new study by Yorkshire Building Society has revealed that first-time buyer properties have shrunk considerably over the past few decades,…
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Detached Houses Now £170k Pricier than Semis – But Buyers Don’t Care!
The dream of owning a detached home is alive and well, even if it means digging deeper into our pockets. It seems Brits are happy to pay a hefty premium for extra space and privacy – with detached properties now £170,000 more expensive than semi-detached homes. According to Lloyds Bank, a third of movers opted…
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First-Time Buyers Moving to Areas They Don’t Know, Miles Away from Family and Friends
New research from Santander shows that two-thirds (67%) of first-time buyers purchased a property in a completely unfamiliar neighbourhood. This is a huge jump from five years ago when only half (51%) of buyers took the plunge and bought in an unknown area. This desperate measure highlights the difficult choices people are making in today’s…
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Bradford Buys – City Crowned Top Property Hotspot as Buyers Bag Bargain Homes
Bradford has been named the hottest spot for city property for the second time in a row, as buyers flock to snap up affordable homes. The Yorkshire city topped the charts thanks to its winning combination of budget-friendly prices and a surge in buyers priced-out of nearby Leeds. Experts say first-time buyers and savvy investors…
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Blackpool Facing Housing Crisis As Sales Plummet Despite Affordability
New research shows that Blackpool has the biggest drop in property sales in England and Wales since 2008, despite homes in the seaside town becoming more affordable. Experts believe the drop in sales is a sign of a chronic lack of available housing in the town. This trend is at odds with the rest of…
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London Calling – First-Time Buyers Flock to the Capital Despite Pricey Market
They say London is impossible for first-time buyers, but new figures show a record number are taking the plunge. We reveal the hotspots they’re snapping up and how they’re making it work. It’s no secret that buying a home in London is a pricey endeavour. Yet, despite sky-high interest rates and property prices that seem…
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The Buy-to-Let Bubble Is Bursting – Zoopla Boss
The days of easy money for private landlords in Britain are over, according to the boss of property website Zoopla. In an interview with The Telegraph, Charlie Bryant says rising taxes, sky-high mortgage rates, and red tape are making the buy-to-let market a risky investment. Goodbye, “Mom and Pop” Landlords The once-popular “mom and pop”…
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Mortgage Lender Offers Six Times Your Salary – But Is It Too Risky?
A new mortgage lender is shaking things up by offering loans up to six times your annual income. But with the cost of living already biting, is this a dream come true or a recipe for disaster? April Mortgages, a newcomer to the mortgage scene, has announced it will lend up to six times your…
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Together Launches New Discounted Rate Tracker Deal
Good news for nervous homebuyers and remortgagers: Lender Together has launched a new tracker mortgage designed to help people navigate the current climate of high interest rates. The new two-year discounted rate tracker mortgage is available for first and second charge mortgages, covering a range of scenarios: With economists predicting that interest rates may start…