Third of first-time buyers rely on bank of mum and dad Property Around a third of first-time buyers receive help from family and more than half rely on at least two full-time incomes, as access to first-time home ownership has collapsed this century. As many as 52 per cent of first-time buyers now rely on at least two incomes, up from just 40 per cent in the [...]
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 [...]
Will lower stress tests for mortgages fuel a first-time buyer boom? Property Easier access to mortgages might replace the stamp duty holiday as fuel for the starter homes market, with prices forecast to soar if affordability improves. The average price paid by a first-time buyer grew by 2.1 per cent in the first quarter and by 7.1 per cent year on year, according to government data. While [...]
House prices ‘gathering steam’ before stamp duty changes January 30, 2025 The UK’s housing market got off to its strongest start in three years in 2025 as both demand and supply increased, according to new data. Buyer demand was up 13 per cent and 10 per cent more homes were on sale, with rising sales supporting UK house price inflation of two per cent year on [...]
Why are returns on residential property falling in the UK? January 13, 2025 The amount of money sellers are making from residential property in the UK has shrunk to its lowest level in a decade, as a years-long boom in house prices slows, according to new figures. After years in which London property has delivered bumper returns for investors and homeowners, the slowdown has been felt most acutely [...]
Buying a house? Pay in cash for a £28k discount January 7, 2025 Buying a house is the largest purchase most of us will make in a lifetime – but it may be cheaper for some than others. Cash buyers now pay £28,000 less on average for a home than those relying on a mortgage, and the ‘cash discount’ has risen by 12.4 per cent in just two [...]