The Bank of England cutting the official interest rate from 0.5 per cent to 0.25 per cent has meant that the mortgage bill for millions of borrowers will drop, with Mark Carney, the Bank’s governor, saying banks have "no excuse" to not [...]
New research has indicated that home ownership in England has dropped to its lowest level in three decades, with Manchester experiencing the sharpest fall of all major cities. In April 2003, a record-high 71 per cent of households owned their home, either [...]
Boosted by the government’s Help-to-Buy schemes, the number of first-time buyers in Britain rose by 10 per cent in the first half of 2016, compared to the first six months of 2015, according to Halifax’s First-Time Buyer Review. The largest mortgage lender [...]
High housing costs has resulted in the proportion of middle-income families who own their home falling from 69 per cent in 1995 to 50 per cent today, according to the Institute for Fiscal Studies (IFS). The number of middle-income families renting privately [...]
A group of six prospective first-time buyers have formed a housing cooperative, as they appeal for public help to purchase their first home. The Kindling Housing Cooperative is hoping to receive donations from the public, via a crowdfunding campaign online, in addition [...]
Since its launch in December, 555,000 people have opened up Help-to-Buy Individual Savings Accounts (ISAs), figures from the Treasury have revealed. The Help-to-Buy ISA enables first-time buyers to receive money from the government to help them afford the deposit on their first [...]
Last week, the UK voted in an unprecedented referendum, one which saw more voters turn out to vote than there has been since the 1992 general election. We voted to leave the EU, a move which has cast all the markets of [...]
An investigation by the BBC has found many prospective homeowners are being priced out of using the government's Help to Buy ISA scheme, with only a "lucky few" able to buy a house that doesn't exceed the purchase cap. The Help to [...]
According to Nationwide Building Society, landlords and second home buyers fell out of the market as slow inflation rates affected house prices in May. The average price of a house in the UK stands at £204,368 due to the 0.2 per cent [...]
The number of mortgages available on the market for those seeking to buy their first home has increased significantly since the introduction of the Help to Buy Mortgage Guarantee. Brought in almost three years ago, the scheme has helped open up the [...]