Mortgage & Property Advice Centre for First Time Home Buyers

 

31-Jul-2007
Even the predicted slowdown in house market growth will not stop price increases making home ownership an even more distant prospect for first time buyers in the future, new research suggests.
31-Jul-2007
Barratt Homes has announced that it is to unroll a new initiative designed to do everything possible to help first time buyers purchase their first home.
31-Jul-2007
Would-be first time buyers considering their borrowing options prior to purchasing a home are largely not interested in long-term fixed-rate deals, new research from Abbey shows.
30-Jul-2007
The latest house price index from the Land Registry has shown that price growth in the UK slowed to just 0.1 per cent in June, but first time buyers in London continued to see prices increase out of their reach.
30-Jul-2007
The Bank of England has reported that mortgage approvals remained steady last month, confounding expectations that more first time buyers would be forced to curtail their homeowning dreams.
30-Jul-2007
More first time buyers are opting to do without financial protection insurance in order that they can borrow an even larger amount of money to get onto the property ladder, new research suggests.
30-Jul-2007
The housing market continued to turnaround in July as lower demand forced more first time buyers out of the market, new figures from Hometrack suggest.
27-Jul-2007
The housing market continued to turnaround in July as lower demand forced more first time buyers out of the market, new figures from Hometrack suggest.
27-Jul-2007
The number of graduate first time buyers who are yet to buy a home rose by three per cent during the last 12 months as house price rises continued to price the demographic out of the market.
26-Jul-2007
House price inflation for July was just 0.1 per cent, new figures reveal, but first time buyers have been cautioned not to expect too much too soon from the government's recently announced housing plans.
25-Jul-2007
A combination of fast-rising country house prices and growing buy-to-let interest means that first time buyers are still struggling to buy property in the south-west of England, new figures indicate.
25-Jul-2007
It takes a typical first time buyer five years to save enough money to get onto the property ladder in London, a mortgage advisory firm has suggested.
25-Jul-2007
First time buyers are to receive larger equity loans from the government under plans outlined in this week's Green Paper.
24-Jul-2007
Home Condition Reports (HCRs), a once mandatory aspect of Home information packs (Hips) that are now optional, will only be taken up by around one in five home buyers, it has been suggested, with take up among first time buyers likely to be even lower.
24-Jul-2007
Recent research shows that the vast majority of first time buyers are opting for fixed-rate deals in an attempt to stave off the impact of recent rate rises, but one lender has suggested that the window for such anticipatory moves is closing.
24-Jul-2007
Housing minister Yvette Cooper has announced details of the government's plans to help first time buyers via £8 billion worth of housing reforms.
23-Jul-2007
First time buyers in Luton are being offered the chance to purchase a home which provides easy access to all major transport links, it has been revealed.
23-Jul-2007
The average Energy Performance Certificate (EPC) will cost £130 when Home information packs (Hips) are finally introduced next week, but this cost will be reduced once smaller homes qualify for the scheme, according to theHipExchange.com.
23-Jul-2007
The average asking price for a home rose by just 0.3 per cent in July, figures from Rightmove show, though first time buyers still face rocketing prices when it comes to terraced properties.
23-Jul-2007
Rising house prices and a formidable buy-to-let market do not automatically mean that first time buyers are unable to purchase property in London, it has been suggested.
20-Jul-2007
Prospective homeowners looking to purchase their first property will see price growth slow over 2007, two leading lenders have confirmed, though the strength of the housing market means that some forecasts have now been scaled up.
20-Jul-2007
The Bank of England may have raised rates five times in the past 11 months but such increases may have come to an end, it has been suggested, raising hopes that first time buyers will be able to benefit from both slower house price growth and stable monetary conditions.
19-Jul-2007
Figures issued by the Council of Mortgage Lenders (CML) have revealed that gross mortgage lending broke new records in June, implying that first time buyers are continuing to find ways to get onto the property ladder despite harsher financial conditions.
19-Jul-2007
The annualised rate of growth in the housing market rose from 10.7 per cent in May to 11 per cent in June, an assessment of the five major UK house price indices has revealed, with first time buyers suffering the most.
19-Jul-2007
First time buyers anxious to know whether or not they will receive a Home information pack (Hip) when purchasing a property seem set to remain confused following the latest round of developments concerning the controversial packs.
18-Jul-2007
First time buyers must now save for an average of four years and eleven months if they are to get onto the property ladder, new research has suggested.
18-Jul-2007
First time buyers are not taking due care and consideration when making their purchases and are frequently left disappointed as a result, according to new research.
18-Jul-2007
The market for loan to value (LTV) mortgages of 100 per cent or higher will increase sharply over the next two years, with more homeowners and first time buyers looking for different ways to finance their purchase, according to a new study.
18-Jul-2007
First time buyers struggling to emphasise the independence by buying a property of their own are opting to live near their parents even when they do finally make a purchase, according to new research.
16-Jul-2007
The number of first time buyers applying for mortgages has continued to increase despite the recent series of interest rate rises, according to figures from one estate agency.
13-Jul-2007
The problem facing first time buyers in London has been starkly illustrated by new house price data showing annualised price growth of 34.5 per cent, but a further investigation reveals fresh hope for potential home buyers.
12-Jul-2007
A new deal offering first time buyers the chance to buy property for a net cost of £3,301 has been launched in an effort to help more struggling would-be homeowners into the market.
12-Jul-2007
Gordon Brown has announced plans to increase the number of houses being built in the UK by 20 per cent as part of a move to help first time buyers get onto the housing ladder.
11-Jul-2007
Sub-prime mortgage lending in the UK is set to grow further in coming months, coming on the back of a significant increase in market growth last year.
11-Jul-2007
The Council of Mortgage Lenders (CML) has revealed that income multiples for first time buyers reached their highest ever level in May, up from 3.33 times the average income in April to stand at 3.37 times.
11-Jul-2007
First time buyers are still able to find properties that represent good value for money in the UK despite interest rates and house prices both continuing to rise, according to a new study.

10-Jul-2007
Cutting out so-called lifestyle luxuries is the key to the next generation of potential homeowners being able to afford their mortgages, it has been advised.
09-Jul-2007
The average first time buyer now pays over £1,400 in stamp duty, it has been claimed, indicating the extent to which house prices have rise in comparison to the threshold.
06-Jul-2007
First time buyers are paying less heed to the quality of their first home in favour of simply getting onto the property ladder by any means necessary, a new survey suggests.
06-Jul-2007
Yesterday's decision by the Bank of England to raise interest rates to 5.75 per cent was widely seen as one which would cause further problems for first time buyers, but in fact the increase is unlikely to deter many from their existing plans, one lender has claimed.
05-Jul-2007
First time buyers are now being forced to use almost a third of their take home income on mortgage payments, it has been revealed.

05-Jul-2007
First time buyers have been hit by the news that the Bank of England has raised interest rates to 5.75 per cent, with more borrowers likely to be priced out of the market as a result.
05-Jul-2007
Graduate mortgages are providing a great deal of help to many first time buyers due to the fact that they do not require a deposit, it has been advised.
04-Jul-2007
Living costs in the UK are increasing at twice the rate of those in the rest of Europe, a new study has indicated, suggesting that first time buyers have more than rising house prices to cope with.
04-Jul-2007
House price growth continued to exhibit relatively muted levels of growth in June, but first time buyers looking for an opportunity to make their move are likely to be hampered by increased financial constraints, it has been advised.
03-Jul-2007
A group of MPs have met in Norfolk to discuss future housing policy for the region, with many concluding that cheaper housing must be built and stronger restrictions placed on those looking to buy their second properties.
03-Jul-2007
First time buyers considering taking on mortgages which they are ill-equipped to pay are set to be warned by the Financial Services Authority (FSA), it has been revealed.
03-Jul-2007
A bond that offers first time buyers a simpler way into the property market is witnessing a surge in interest from professional footballers following the announcement of a new deal, it has been revealed.
02-Jul-2007
A new study from Hometrack has revealed that property values rose by just 0.3 per cent in June, half of May's 0.6 per cent rise, offering encouragement to first time buyers.
02-Jul-2007
Many first time buyers struggling to save up for a deposit on their own home only have themselves to blame as they keep dipping into their funds, mortgage lender Abbey has suggested.
02-Jul-2007
First time buyers who have bought their first property within the past few years could be looking to remortgage as new financial conditions take hold, it has been suggested.
02-Jul-2007
First time buyers could save hundreds of pounds by checking the end date of their fixed-rate mortgage more closely, it has been advised.

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