first time buyers

First-time property buyers worse off due to stamp duty holiday property

First-time property buyers £25k worse off thanks to stamp duty holiday

Research by the estate agent comparison site, GetAgent.co.uk , reveals that the stamp duty holiday has increased the price of first-time buyer homes by an average of 11.7% in England in the last year, and by as much as 31.5% in some areas of the country.

The stamp duty holiday was introduced as a financial incentive to keep the housing market buoyant during the pandemic and thus...

Mortgage deals back to pre-pandemic levels: Expert tips on how first time buyers can find the right one

Taking that first step onto the property ladder is much easier if you know exactly what help is available to you and where to find the best mortgage deals.

Following the news that the number of mortgage products on the market are back to pre-pandemic levels after the co, Nisha Vaidya, a mortgage expert at money.co.uk , has compiled a quick and simple guide on everything you might need to know...

Mortgage Application

FIRST TIME BUYERS BREAKING LAW TO GET HIGHER CREDIT LIMIT

A THIRD of first-time buyers admit to breaking the law and lying about their income, when applying for a financial product, in order to get a higher credit limit.

However, lying on the application for a financial product, such as a store (credit) card or for a short-term loan, is illegal and could also lead to many Brits facing a large amount of debt they can’t afford to pay back....

Young Couple with Keys of their New House

Where can British first-time buyers get the best deals?

Research from the national estate agent, Keller Williams UK , has revealed where the most and least affordable British locations are for first-time buyers in each region of the British property market.

First-time buyers are in a tricky situation at the moment. The pandemic and the government’s subsequent intervention in the British housing market, such as the SDLT holiday, has...

Over a third of first-time buyers struggle to raise funds to get on the property ladder

But new CreditLadder and Equifax research finds that new 5% deposit scheme could be the key to the door for 33% of first-time buyers

As the average first-time buyers’ deposit [1] reaches nearly £59,000, £12,000 more than a year ago, new research [2] conducted by CreditLadder and Equifax found lack of savings for a deposit is preventing over a third (34%) of first-time buyers getting...

Couple in house

Home-buying plans on hold for 1 in 5 UK adults

  • 7 in 10 would-be first-time buyers had to rethink their plans in 2020
  • 10.5 million(1) UK people put house-buying plans on hold in 2020
  • People anticipate delaying their home-buying plans by 16 months on average
  • 2 million people bought a home unexpectedly in 2020, but only 13% due to stamp duty break

Almost one in three UK adults intended...

Help to buy

Changes to help to buy - What buyers need to know

The Government-backed Help to Buy scheme has helped over 270,000 new home buyers since it was introduced in 2013. However, from 1st April this year, the scheme is changing. Emma Cotterill, regional sales and marketing director for Kier Living Western, explains what local buyers need to know.

Help to Buy was introduced to help new home purchasers with deposit funds. Initially open to...

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