first time buyers

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....

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...

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...

• 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...

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...