Helping first time buyers get on the property ladder Sponsored NHG Homes – part of Notting Hill Genesis, one of the UK’s leading housing associations – is helping first-time buyers get on the property ladder in London in a more accessible way. In recent research conducted by NHG Homes – in partnership with Opinium – four in five London renters said they were optimistic about [...]
Cairn Homes: Surge in first time buyers drives record revenue property Irish housebuilder Cairn Homes has seen its revenue hit record levels due to a surge in demand among first time buyers.
First-time buyer numbers ‘were lowest in a decade in 2023’ property The number of first-time buyers who purchased a home with a mortgage in 2023 is estimated to be the lowest in a decade, according to a building society. Yorkshire Building Society calculated that, across the UK, there were around 290,000 first-time buyers in the mortgage market in 2023, shrinking by a fifth (21 per cent) [...]
London gets even worse for first-time buyers as UK cities ranked September 2, 2024 London has become an even worse city for first-time buyers, according to new figures, but the situation has now stopped people flocking to the capital for the social and career opportunities. The capital has moved down one place to 44th out of 50 in the latest ranking from mortgage provider Aldermore. The study compared cities [...]
Election 2024: Tories accuse Labour of stamp duty ‘hammering’ for first time buyers June 20, 2024 The Conservatives have claimed Labour not matching their housing promises will result in “hammering” first-time buyers with stamp duty.
Industry welcomes Labour plans to win over first-time buyers with housing reforms June 13, 2024 Opposition party Labour has promised a major reform to housing, if it wins the next general election, including support for first time buyers.
Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.
Housing: 60 per cent of first time buyers couple up to buy a home January 31, 2024 Nearly two-third of first time buyers are entering the property market with someone else, a new report by Halifax has found. Over 60 per cent of mortgages taken out by first time buyers between January and December last year were taken out in joint names. House prices for first-time buyers remain over £132k more expensive [...]
Bank of friends and family: First-time buyers more reliant on help to get on housing ladder April 8, 2024 Between April 2022 and March 2023, 36 per cent of recent first-time buyers - resident for less than three years - used gifts from family and friends to help buy a home, according to the Office for National Statistics (ONS).
First time buyers: Homes in London 26 per cent cheaper but affordability remains an issue February 22, 2024 First time buyers in London are spending 26 per cent below the UK market average, but the majority of buyers are struggling with affordability. According to a new report by Zoopla, the average cost of a first time property in London is £399k, which is around £140k cheaper than a typical home would cost in [...]