Average age of first-time buyer in London hits 35 Property The average age of Brits buying their first homes has surged over the past two decades as house prices have risen faster than wages. The average age of a first-time buyer in London was 31 in the mid-2000s, but it has since risen to nearly 35, according to new research from Conveyancing Solicitor. Property expert [...]
Mortgages rates set to fall after Bank of England interest rate cut Property Analysts have predicted that the Bank of England’s decision to reduce interest rates on Thursday will encourage major banks to cut mortgage rates. Lower rates will be a major affordability boost for the UK’s housing market, which continues to price out young buyers unable to rely on financial gifts or savings. “If homebuyers can borrow more, they [...]