Compared with a decade ago, today’s first-time buyers are older, more likely to buy with a partner and more likely to have dependent children. This highlights how getting on the property ladder is becoming increasingly hard for younger borrowers. However, lenders are always introducing new propositions to ensure solutions are in place to help prospective homeowners buy their first property. It could be you who helps them!
The average deposit needed to get on the housing ladder fell 15% last year, according to one of the UK's largest mortgage lenders.
The Bank of England and Governor Andrew Bailey have held the base interest rate at 5.25% for the fourth time running.
Some of Britain's most prominent home developers have posted much weaker financial performances following a challenging 2023 for the UK housing sector.
Despite a sharp fall in the number of homes bought by landlords in 2023, the number of limited companies set up to hold buy-to-let properties continues to soar.
The Office for National Statistics says private rents in England experienced a 6.1% rise in 2023, the sharpest annual increase on record.
The Bank of England is likely to acknowledge this week that it is seeing unexpectedly rapid progress in getting inflation down, analysts said, but the central bank is not expected to begin cutting interest rates yet.
The pre-Budget rumour milling has delivered a new plan to solve Britain’s dysfunctional housing market – 1% deposit mortgages.
- 1 Million More Rented Homes Are Required By 2030
- Property Asking Prices Rise 1.3% In January
- UK Inflation Rises Again to 4%
- 35% Of Sales Collapsed Last Year
- Landlords Worried About Tenant Affordability
- Mortgage Lenders Slash BTL Borrowing Costs
- Michael Gove Names & Shames Councils
- Buy-to-let in 2024