News & Insights - First time buyer

Older homeowners have typically been in their properties around 10 years longer than younger owners, as home mover activity in the UK remains subdued.

The number of homes purchased using Help to Buy increased by 9% in the year to the end of March 2019, with 52,404 properties bought using the scheme over this period.

Despite recent reports that self-employed people often believe they’d struggle to get a mortgage, being your own boss won’t necessarily make it harder to get on the property ladder.

May saw a sharp increase in the number of people remortgaging and borrowing extra funds, suggesting that many are choosing to improve their homes rather than move.

All new build homes should be sold on a freehold basis in future, in a bid to tackle unfair and exploitative leasehold practices, the government announced in recent weeks.

Figures reveal a growing number of mortgages being taken over terms of 35 years or more. Find out about the pros and cons of longer mortgage terms.

The average price of a flat in England has fallen by 2.1% over the year to an average of £220,146, according to the UK House Price Index for April, whereas all other types of property have increased in value.

The government has pledged £5m to help boost the number of green mortgages available to homebuyers.

Fancy a flat-pack home? Up to 162 new factory-built homes could soon be constructed in Worthing if a deal between the council and an affordable housing developer co-owned by IKEA goes ahead.

NHS staff, police officers, firefighters and teachers are among those who’ll be eligible to apply for a new ‘Hero Mortgage’ from specialist lender Kensington. The Hero Mortgage is specifically tailored to those working in public sector services, who may struggle to get a mortgage because they are often on low incomes.

The amount first-time buyers are saving for a deposit has risen by 12% over the past year to reach an average of £30,989.

The number of first-time buyers getting onto the property ladder is on the up, helped by low mortgage rates which make owning a home more affordable.

Steep stamp duty costs are encouraging homeowners to improve rather than move, potentially reducing the number of smaller homes available to first-time buyers, a House

For the first time in nearly six decades, a child is at least as likely to be born into a rented home as a home owned by its parents, a report by insurer Royal London found.

Lenders are increasingly offering mortgages with terms of up to 40 years, helping homebuyers on tighter budgets to get onto the property ladder.

UK house prices edged higher in March, according to Nationwide, rising by a modest 0.2% during the month as ongoing Brexit uncertainty continues to take its toll.

Over 400,000 first-time buyers have been given a leg up onto the property ladder by one or more of the government’s Help to Buy schemes over the past five years.

Here’s our rundown of the top financial goals you’ll need to focus on and some of the ways y

Political and economic uncertainty has failed to dent first-time buyers’ enthusiasm, latest UK Finance figures show, with numbers reaching a 12-year high in 2018.

There were around 785,000 first-time buyers in England last year, according to the latest English Housing Survey, with many helped by the Bank of Mum and Dad.

100% mortgages have hit the headlines recently with the launch of Lloyds Bank’s new ‘Lend a Hand’ scheme, but can homebuyers really purchase a property with no deposit?

One in five (22%) first-time buyers is hoping their parents will cough up more than half the funds they need to get onto the property ladder, according to new research.

Thousands of first-time buyers every year manage to get onto the property ladder with help from their parents, but not everyone is lucky enough to have financial support from family.

Landlords should be incentivised to sell to tenants at a discount under a new scheme proposed by conservative think-tank the Centre for Policy Studies.

First-time buyers who are currently renting could find it easier to get onto the property ladder now that rental payment information will be included on their credit reports.