Tag: First-Time Buyers
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Dream of Owning a Home Fades for UK Renters as Costs Soar
Spiralling house prices and the increasing cost of living are crushing the dreams of homeownership for many, with a shocking six in 10 renters believing they’ll never escape the rental trap, according to a disheartening new study. The research, conducted by Go Compare Home Insurance, lays bare the stark reality facing a generation priced out…
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ONS House Prices – July 2024
Good news for sellers in Scotland as house prices rose, but the market cooled across the rest of the UK, with London seeing a slight dip, according to the latest data from the Office for National Statistics (ONS) The average UK house price in July 2024 was £290,000, a rise of £6,000 compared to July…
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Is Your Property Chain About to SNAP? Phil Spencer Reveals How to Keep Your Dream Move on Track!
Moving house should be exciting, but the dreaded “property chain” can bring everything crashing down! In The Telegraph, property guru Phil Spencer breaks down this tricky process, revealing the secrets to a smooth move and how to avoid disaster. Chains: A Necessary Nightmare? Unless you’re a first-time buyer or swimming in cash, you’ll likely find…
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Skipton Cuts Rates and Launches New Mortgages
Skipton Building Society has announced a range of new mortgages and a rate cut on a popular product for renters. From today, 12 new mortgages with an 80% loan-to-value (LTV) are available. This means buyers need a 20% deposit, opening up options for those who have previously struggled to get on the property ladder. These…
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Bank of Mum and Dad to the Rescue: Record Numbers Using Property Wealth to Help Kids Buy Homes!
Are you a parent or grandparent struggling to see your kids get on the property ladder? You’re not alone! A new report shows that 42% of under-55s rely on family help to buy their homes – and it’s costing families billions! With house prices still high, it’s no surprise that getting a mortgage is a…
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Vernon Building Society Lowers Mortgage Rates and Launches New Deal!
Vernon Building Society has just announced some rate cuts and a brand new mortgage deal. Vernon Building Society has slashed rates across several of its top mortgage deals by up to 0.3%, offering some much-needed relief for borrowers feeling the pinch. Here’s what you need to know: Brendan Crowshaw, head of mortgage and savings distribution…
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Nationwide Cuts Mortgage Rates – First-Time Buyers Celebrate!
Good news for those looking to step onto the property ladder! Nationwide Building Society is cutting selected mortgage rates by up to 0.25%, starting today (Friday 13th September). The building society is making it easier for first-time buyers to secure a mortgage, with the biggest reductions aimed at those with smaller deposits. Here’s a breakdown…
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House Prices Soar as Mortgage Rates Tumble – Who Has the Best Deals This Week?
Property prices are on the up, but crucially, mortgage rates are heading down. Could this be the perfect moment to take the plunge? The latest Halifax House Price Index shows house prices jumped by in the year to August – that’s the biggest annual increase since November 2022! The average UK home now costs £292,505,…
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Atom Bank Cuts Mortgage Rates for First-Time Buyers and Borrowers with Small Deposits
Atom Bank has announced a round of mortgage rate cuts, a move that could save borrowers thousands of pounds. The cuts will affect both near prime borrowers (those with a less-than-perfect credit history) and prime borrowers with small deposits. How Much Could You Save? Rates on near prime mortgages are being cut by up to…
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Where are First-Time Buyers Moving to?
It’s no secret that getting on the property ladder is tough, but new research shows just how far people are willing to move to buy their first home. Forget about living close to your family and friends – first-time buyers are increasingly looking further afield to find affordable properties. Over the last decade, some areas…