Right to Buy was set in motion to help renters become homeowners, transferring property from the state to the people who had been living there. A controversial move at the time it was instigated in 1980, Right to Buy has been blamed [...]
Ministers are going to invest multi-millions of pounds into getting more starter homes built on brownfield land. Announced on Monday by Greg Clark, communities secretary, the government will be spending £26million on buying up brownfield sites and making them ready for building [...]
The original Help to Buy scheme was bolstered at the beginning of 2014 by the initiation of the Help to Buy Mortgage Guarantee scheme, sometimes known as Help to Buy 2 (HtB2), but this little brother has not performed anywhere near as [...]
Figures have found that on average, first time buyers will have to double their salary in order to purchase a first home. It has been reported that a starter home, on average, will now cost £211,000. This is after a rise in [...]
A study commissioned by Aviva has highlighted the shortfall in cash that, any first time buyers face. Despite saving for an average of four years to get £12,000 for a deposit, many prospective first time homeowners are being left with their dreams [...]
Figures released by the Bank of England show that mortgage lending recovered in June, after falling in May. In April, loan approvals for house purchases reached a 14 month high, of 68,051. Then, in May, the same month as the General Election, [...]
The treasury has confirmed that the Help to Buy ISA is now available from six different lenders, and will become available on 01 December 2015. Lloyds, Santander, Barclays, Nationwide and Virgin Money will all be involved in the scheme and allow people [...]
While the country has been continually watching Chancellor George Osborne for changes to the housing market, Boris Johnson made a move to try and improve the quality of rented properties throughout London with his 'good landlord scheme'. The London Rental Standard was [...]
Over the past 12 months, figures show that house prices in London have risen by 7.8 per cent, and that the demand for houses has far outstripped the supply to the first time buyer market. The market has seen a large increase [...]
A fall in the number and value of mortgages which are being taken out by first time buyers has been commented on by an executive of Legal Marketing Services Ltd., Andy Knee. Overall, mortgages for first time buyers has dropped since May, [...]