The lockdown property market mini-boom that sent house prices climbing spelt bad news for first-time buyers last year. Against a backdrop of rising property prices and a mortgage crunch as banks and building societies reined in lending, the size of the average first-time buyer deposit by nearly £11,000 last year to more than £57,000 – … Read more
Bank of Glum and Dad: Parents feel squeeze as first-time buyer deposits rocket up to 25% to almost £60k House prices reached record highs in November, with the average deposit for first-time buyers leaping to nearly £60,000 Previous research showed more than half of first-time buyers under 35 relied on money from their parents Soaring … Read more
Bank of Glum and Dad: Parents feel squeeze as first-time buyer deposits rocket up to 25% to almost £60k House prices reached record highs in November, with the average deposit for first-time buyers leaping to nearly £60,000 Previous research showed more than half of first-time buyers under 35 relied on money from their parents Soaring … Read more
The average first-time buyer must save more than a year’s salary to put down a deposit on a house, according to new data. A 20 per cent deposit on a home now equates to 104 per cent of annual pre-tax income of the average worker, Nationwide Building Society says. This figure, which applies to the … Read more
A first-time buyer has revealed how she completely transformed her ‘atrocious’ mould-covered home into a chic property – adding £45,000 to its value. Amberley Rainey, 37, from Wirral, spent £18,000 on the extensive renovations and is now reaping the rewards, with the home now worth £220,000. The officer manager says the three-bed house was a … Read more
A first-time buyer has revealed how she completely transformed her ‘atrocious’ mould-covered home into a chic property – adding £45,000 to its value. Amberley Rainey, 37, from Wirral, spent £18,000 on the extensive renovations and is now reaping the rewards, with the home now worth £220,000. The officer manager says the three-bed house was a … Read more
A first-time buyer with a staggering £4 million budget will struggle to choose between a home with a cinema, a 15th century cottage and a sprawling property with its own orangery in a fly-on-the-wall documentary about Britain’s most expensive houses. Zak Johnson, 34, who runs a sustainable fashion brand, and his girlfriend Charlie have been … Read more
A first-time buyer with a staggering £4 million budget will struggle to choose between a home with a cinema, a 15th century cottage and a sprawling property with its own orangery in a fly-on-the-wall documentary about Britain’s most expensive houses. Zak Johnson, 34, who runs a sustainable fashion brand, and his girlfriend Charlie have been … Read more
First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland The two and five-year fixed term deals will require a 10% deposit They are open to both first-time buyers and home movers Yorkshire … Read more
Aspiring homeowners hoping to buy their first property with a 10 per cent deposit face limited choice and higher costs than they did a year ago. Of the 86 mortgages available to first-time buyers with a 10 per cent deposit, only 25 of these mortgages are available to all, according to analysis by Defaqto. It … Read more