All the updated news related to first time buyers

All the news related to first time buyers updated in real time

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Life

Wondering if you’ll ever be able to buy your first home? These expert tips could help

With mortgage rates jumping and house prices already having soared, aspiring first-time buyers face an uphill battle to get onto the property ladder. The Bank of England hiked the base rate by 0.5 percentage points to 1.75% in August – the biggest ...

19 Aug 2022 at 09:00

Personal Finance

Average price tag on a home jumped by £2,587 in September, says Rightmove

The average price tag on a home increased by £2,587 or 0.7% month-on-month in September, according to a property website. Across Britain, the average asking price of a property coming to market is £367,760. Rightmove said the price increase is in ...

26 Sept 2022 at 01:01

200,000 more people a year ‘will be lifted out of paying stamp duty’

Housing market activity could be boosted after the “nil rate” stamp duty band was doubled from £125,000 to £250,000. But more demand could also mean higher house prices, unless there is a significant increase in the supply of homes, experts said....

23 Sept 2022 at 12:39

Annual house sales increased by 7.6% in August

The number of house sales in August was 7.6% higher than the same month a year earlier, according to HM Revenue and Customs (HMRC). An estimated 104,980 housing transactions took place across the UK in August, which was 1.1% higher than in July ...

21 Sept 2022 at 13:08

Cutting stamp duty could push up mortgage bills, expert warns

Home buyers may welcome a potential stamp duty cut but they could also end up paying bigger monthly mortgage bills, a finance expert has warned. Ahead of Chancellor Kwasi Kwarteng’s mini-budget on Friday, The Times reported that radical plans ...

21 Sept 2022 at 14:05

Personal Finance

28% of ‘London leavers’ purchasing homes are first-time buyers, analysis finds

Nearly three in 10 (28%) Londoners buying a home outside the capital this year have been first-time buyers, analysis suggests. This is up from 22% in 2019 and 13% a decade ago, according to estate agent Hamptons. On average, these buyers ...

01 Aug 2022 at 01:01

Personal Finance

Increase in borrowers remortgaging homes at end of 2021

The number of home-owners remortgaging their properties jumped up towards pre-coronavirus pandemic levels at the end of last year, according to Bank of England figures. The Bank said the share of home loans advanced to borrowers ...

08 Mar 2022 at 14:55

Personal Finance

£24-a-day increase in average house price for first-time buyers

House prices for first-time buyers have been increasing by £24 per day on average, according to analysis. The average first-time buyer faced paying £223,751 for a property in 2021. Someone getting on the property ladder ...

18 May 2022 at 01:25

Personal Finance

23% of young people ‘do not think they will ever feel financially secure’

Nearly a quarter (23%) of young people do not think they will ever feel financially secure, a survey has found. Among young people who are not in education, employment or training, only two-fifths (43%) believe they ...

06 Jan 2022 at 14:55

City

Most and least affordable places in Britain for first-time home buyers revealed

First-time buyers face spending at least six times their annual wages to get on the property ladder in nearly half (45%) of Britain’s local authority areas as affordability becomes more stretched. Back in 2016, ...

21 Jan 2022 at 01:25

Life

How the cost-of-living crisis is hitting homebuying dreams

As the cost-of-living crisis takes its toll on incomes and savings, around seven in 10 (72%) prospective first-time buyers say their attempts to purchase a property have been impacted, according to new ...

09 Sept 2022 at 10:00

Personal Finance

London home buyers need £35k higher income for mortgage, Zoopla says

First time buyers will need to earn £12,250 more to afford a home as mortgage rates are set to be hiked up further this year, Zoopla has claimed. Meanwhile, hopeful buyers in London will need a ...

26 Aug 2022 at 12:14

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