If you’re hoping to buy your first home soon, searching for the best mortgage rates for first-time buyers is an essential part of the process.
Read MoreCategory: Mortgage
UK mortgage guarantee scheme due to end with no news on replacement
More than 53,000 mortgages have been completed using scheme, which encourages lenders to offer up to 95% loans.
Read MoreWhen will interest rates go down again?
The Bank of England has cut interest rates from 4.5% to 4.25% at its latest meeting in May – the second reduction in 2025.
Read MoreAlmost two-thirds of homebuyers face unexpected costs during property transaction
Around 62% of homebuyers who have bought in the last 12 months said they faced unexpected costs during the property transaction.
Read MoreFirst-time buyers typically borrowing for 31 years
First-time buyers are borrowing through mortgages that last an average of 31 years as the affordability of homes remains a stretch.
Read MoreWhat is New Build Boost and how does it compare to Help to Buy?
Gen H have launched their New Build Boost mortgage scheme in an effort to make homeownership more accessible. The scheme is modelled on the previous Help to Buy scheme, but how does it compare?
Read MoreRelaxed mortgage rules will boost first-time buyers but send house prices up, says report
Easing stringent mortgage stress testing rules could cause house prices and first-time buyer numbers to rise, according to research.
Read MoreHigh street banks are keen to hand mortgage borrowers £35,000 MORE: Here’s why
Banks are now allowing home buyers to borrow tens of thousands more when shopping for a mortgage.
Since March, multiple high street lenders have loosened their mortgage rules, allowing people to borrow more when buying a home.
Read MoreRetirees continually turned away by high street lenders, Family BS reveals
Older borrowers with secure incomes are being refused the mortgages they want and can afford by the big six lenders, according to a mystery shopper survey conducted on behalf of the Family Building Society.
Read MoreBarclays brings in new £30,750 rule with thousands of customers affected
It has reduced its ‘stress rates’ – the hypothetical higher rates which customers’ finances are scrutinised against.
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