#first-time-buyers

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mortgages
www.independent.co.uk
1 month ago
UK news

New 5,000 deposit mortgage allows homeowners to borrow up to 99%

A new 5,000 deposit mortgage has been launched for first-time buyers, allowing potential borrowing up to 99% of property value.
Mortgage applicants must still demonstrate strong creditworthiness and pass affordability assessments despite the low deposit requirement. [ more ]
www.independent.co.uk
3 months ago
UK news

Tell us if 99% mortgages are good idea as Tory MPs back plan

Radical plans to guarantee mortgages requiring just 1% deposits have been backed by senior Conservatives
Economists and housing experts warned that such a scheme would create massive risk for taxpayers and would push up prices. [ more ]
www.independent.co.uk
3 months ago
UK news

Tory MPs back plan for 99% mortgage despite housing shortage warnings

Senior Conservatives back plan for 1% deposit mortgages
Experts warn of risks and potential house price inflation [ more ]
www.independent.co.uk
3 months ago
UK news

Sunak considers radical plan for 99% mortgages to help first-time buyers

The UK government is considering a scheme to guarantee mortgages with just a 1% deposit to help first-time buyers.
The scheme is aimed at appealing to young voters struggling to get onto the property ladder, but experts warn it could push up house prices without addressing the housing shortage. [ more ]
moremortgages
SFGATE
2 months ago
SF real estate

Q4 Data: Home Buyers Chilled by High Prices and Rates

High prices and mortgage rates, low inventory affected home sales in Q4 2023
First-time buyers face unique challenges in housing market [ more ]
SFGATE
1 month ago
SF real estate

On the House: How Early Should I Begin Searching for a Home?

First-time homebuyers should give themselves at least six months to find a home.
Consider market competition, location, and budget when deciding when to start home search. [ more ]
SFGATE
3 months ago
SF real estate

A Reality Check for the American Dream: Who Can Afford a Home Right Now?

First-time homebuyers are struggling to afford homeownership due to high prices and mortgage rates.
The middle class is finding it increasingly difficult to achieve the American dream of homeownership, as it now requires wealth or luck. [ more ]
www.newsshopper.co.uk
1 month ago
London

Ideal homes in each south east London borough for getting on the property ladder

London is the most expensive city for first-time property buyers with an average spend of 547,560.
Bromley, Bexley, and Lewisham offer more affordable options for first-time buyers in London. [ more ]
www.independent.co.uk
3 months ago
London

Two thirds of first-time buyers get property in joint names, says mortgage giant

63% of first-time buyer mortgages are taken out jointly
Average property values for first-time buyers are 6.7 times the typical UK salary [ more ]
www.islingtongazette.co.uk
3 months ago
London

Cashback to help buy your new home

Developers at the London New Home Show are offering discounts on house deposits to boost the property market.
Incentives such as cashbacks and promotions are being offered to first-time buyers who may find it difficult to get on the London property ladder. [ more ]
www.independent.co.uk
3 months ago
UK news

First time home buyers need 53k cash deposit as house prices march higher

The average deposit for a first-time buyer is £53,414, which is around 19% of the purchase price.
High interest rates and soaring house prices have forced homebuyers to save for 10 years to gather the required deposit. [ more ]
www.independent.co.uk
3 months ago
UK news

Calls to overhaul unfair' ISAs for first time buyers

Calls for unfair penalties on first-time buyer schemes to be overhauled
BSA and TISA call for reduction of penalty withdrawal fee on Lifetime Isas [ more ]
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