For the first time, landlord borrowing has beaten first time buyer borrowing in the ongoing war within the property market. Buy to let mortgages are drastically on the rise. The Council of Mortgage Lenders (CML) has said that compared to January last [...]
One MP has been slammed for using the Help to Buy scheme, taking advantage of the tax-payer backed loan to purchase a property he arguably shouldn't have been allowed to. Peter Boone, who earns £74,000 as an MP, and his wife have [...]
The renters of England have handed over, since 2010, the equivalent of a fifth of the average price that one can expect to pay for an affordable house. According to the research of housing charity Shelter, renting a two bedroom property in [...]
London is one of the most expensive cities in the world to live in, according to estate agent Savills. The capital even beats prominent cities such as New York and Hong Kong when it comes to the price of living and working, [...]
On average, a first time buyer in the city of London will have spent tens of thousands of pounds in rent before they escape the renting trap, according to new research. The Association of Residential Letting Agents (ARLA) produced a report titled [...]
Almost two million would be first time buyers have been unable to access the property market since 2001, a report has claimed. The home ownership rate among people aged 25 to 34 years old have dropped over the last 15 years. If [...]
Lending to first time buyers seems to be on the up, with reports stating that the amount borrowed in December was a rise of 18 per cent on the year before. In December 2015, first time buyer borrowed £4.5 billion to purchase [...]
The average asking price for a home across England and Wales has spiked in February, according to a property website, putting it at a record high of almost £300,000. The typical value of a property now stands at £299,287, according to Rightmove. [...]
Thousands of people have responded to the release of the London Help to Buy scheme in a veritable stampede of frustrated renters. A reported 15,000 people caught in the rental trap flocked to see if the London Help to Buy scheme would [...]
Nationwide has seen its first customers cash in on the Help to Buy ISA, finding success in buying a property using the scheme. The ISA (Individual Savings Account) allowed people to make more headway when saving up for a deposit. The government [...]