Insurance company Aviva has said that there will be one million more young people living at home with their parents in the next decade, due primarily to a lack of affordable housing. By 2025, there is predicted to be 3.8 million people [...]
House building company Barratt Developments aims to approve between 21,000 to 23,000 new plots this year, due to an increase in competition in the mortgage market. Help to Buy used forward sales to help gain an increase in their interest rates, it [...]
Second charge lending has increased by two-fifths over the last quarter, according to the Finance and Leasing Association. In the three months to the end of February, lending in this area surged, compared to the year before. Product technical manager at broker [...]
Changes to Stamp Duty Land Tax and other tax relief cuts have been waging a war on landlords, who are dominating the market. However, buy to let property mortgages are continuing, balancing the odds somewhat. The average fixed rate two year buy [...]
April sees the start of a new tax year, and the first fresh year for the Help to Buy ISA. The ISA offers people the chance to get a government boost to their savings by as much as £3,000 when purchasing a [...]
Research has suggested that first time buyers aren't realising just how many fees are involved when moving into a home and are being blindsided by unexpected fees. Legal fees, insurance, bank transfer fees and mortgage set up costs are some of the [...]
A recent look at the market has found that a third of borrowers are paying over £2,500 extra by not being on the ball when their mortgage entry rate runs out. Remortgaging is an important aspect of being a homeowner, one which [...]
Help to Buy Scotland has passed a new benchmark, as 8,000 people have now used the scheme to get their first home. The Social Justice Secretary Alex Neil announced the news that the 8,000 mark had been surpassed, after £500m had now [...]
A new report has highlighted the difficulty of getting onto the property ladder, as a hopeful first time buyer will have to save, on average, around 13 years before they can afford to take out a mortgage. The 'Time to Save' report, [...]
In the 2016 budget, there were a few surprises, including the announcement of a new ISA which could potentially help first time buyers get onto the housing ladder. The Lifetime ISA will offer an alternative, but similar, kind of saving scheme for [...]