The most and least affordable places for first-time buyers now

The gulf between the most and least affordable places to live within different regions of Britain is growing, Nationwide Building Society research shows. Within London, the notoriously expensive borough of Kensington and Chelsea is the least affordable place in the capital to live, when taking into account factors like house prices and average earnings. Within … Read more

234k extra buyers could benefit from stamp duty holiday extension

As many as 234,000 buyers who’ve had a property sale agreed could save thousands of pounds if the Chancellor’s rumoured three-month stamp duty holiday extension goes ahead. The total amount saved in stamp duty charges if the extension is given the green light in the Budget next week could top £984million, according to online property … Read more

Best 10% deposit mortgages: What are the top rates for first-time buyers?

Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more

Rishi Sunak considers extending stamp duty holiday to prevent buyers dropping out of home sales

Rishi Sunak considers extending the stamp duty holiday to prevent buyers dropping out of home sales if they miss the March deadline The Chancellor fears transactions worth billions are at risk with current deadline He is considering extending the holiday until mid-May to help buyers The current March 31 deadline could cause a ‘completion trap’ … Read more

Rishi Sunak considers extending stamp duty holiday to prevent buyers dropping out of home sales

Rishi Sunak considers extending the stamp duty holiday to prevent buyers dropping out of home sales if they miss the March deadline The Chancellor fears transactions worth billions are at risk with current deadline He is considering extending the holiday until mid-May to help buyers The current March 31 deadline could cause a ‘completion trap’ … Read more

New homes body says it will champion buyers with new-build gripes

There are several avenues for complaints if your new-build home is defective Until the new code and ombudsman service comes into force – probably later this year – these are the options for homeowners who are unhappy with the quality of their new build.   1. Use your warranty  If your new-build is less than 10 … Read more

Twice as many first-time buyers splashed more than £1million on their home last year 

The proportion of first-time buyers spending more than £1million on their homes has doubled in the past year. Two per cent of buyers spent a seven-figure sum on their first home in 2020, compared to one per cent the year before, according to data from the estate agent Hamptons International.  Based on Halifax data which … Read more

Are Reddit share buyers Mrs Thatcher’s dream come true?

It is 35 years since Margaret Thatcher revealed her dream of a society ‘where owning shares is as common as having a car’.  Yet despite dogged attempts by the finance industry to get people investing, little changed for decades. For years, car owners outnumbered those with an investment account by almost four to one. But … Read more

Are Reddit share buyers Mrs Thatcher’s dream come true?

It is 35 years since Margaret Thatcher revealed her dream of a society ‘where owning shares is as common as having a car’.  Yet despite dogged attempts by the finance industry to get people investing, little changed for decades. For years, car owners outnumbered those with an investment account by almost four to one. But … Read more

MPs argue for extension to stamp duty holiday – but anxious buyers get no update from Government

MPs from both main parties have argued for the extension of the stamp duty holiday, to allow people who are already in the process of buying a home to benefit from tax savings of up to £15,000. The issue was debated in a virtual House of Commons session yesterday, which saw the majority of the … Read more