Chancellor George Osborne has, on the 01 November, clarified the way in which the Help to Buy ISA will be cashed in. Savers with a Help to Buy ISA, having saved up and gathering up the government's boost through the ISA scheme. [...]
Reported figures indicate that first time buyer sales are growing, indicating more people are getting onto the housing ladder. 29 per cent of all home sales in September were reportedly to first time buyers. This is a rise up from 20 per [...]
More people are taking out, and more to the point, being allowed to take out, "risky" mortgages than since the financial crash, figures are indicating. The Financial Conduct Authority (FCA) define a risky mortgage as one with a combination of low deposit, [...]
A controversial new law in Wales is likely to stop a lot of houses from being built, according to the boss of house building firm, Redrow. All new houses built will need to have a sprinkler system installed, and many will need [...]
Bellway has seen a huge jump in profits over the last year, an increase that has largely been put down to Help to Buy. The industry-wide boom has seen the Newcastle-based house builder report a profit of £354.2 million before tax, in [...]
The Sunday Times has reported that the Royal Bank of Scotland is close to closing a deal in which it will buy £13 billion worth of mortgages off of the government. The government came to hold a mortgage book of this size, [...]
Last year, an investigation by the financial regulator found that the mortgage market could be improved, and therefore brought in new rules which limited the ease at which banks could lend out cash. They are once again undertaking a review, but at [...]
The somewhat hostile landscape of the property market in the UK may be treacherous for first time buyers, but it would seem that the wealthier members of society are cashing in on cheap mortgages rates to buy homes costing into the millions [...]
Analysis by an estate agent has questioned whether the money spent on the Help to Buy schemes would have been better spent elsewhere. "The jury's out", said Lee Layton, a research analyst for estate agent Carter Jonas, after considering the £2 billion [...]
Deposits are one of the hardest aspects of home buying for a first time buyer. With no existing property under their ownership to sell to help boost them past this obstacle, having to save up for a deposit can take a very [...]