First Homes launched in 2021 to help local first-time buyers and key workers onto the property ladder by offering new-build homes at a 30% – 50% discount.
Read MoreThe First Homes government scheme: half-price homes for first-time buyers
Category: Mortgage
Mortgage sector cheered by latest upbeat housing market data
The mortgage sector has reacted positively to the latest house price data.
Read MoreStamp duty changes ‘will motivate’ first time buyer boom in early 2025, lender says
Looming changes to stamp duty will give first-time buyers “greater motivation” to get on the housing ladder, British bank Halifax has said.
Read MoreUK households set to wake up to £500-per-month hike in mortgage
UK households have been warned MILLIONS could see hikes to their mortgage repayments over the next three years.
Read MoreFirst-time buyers moving back home get on property ladder 4.5 years faster
First-time buyers who are still living at home with parents are able to get onto the property ladder four-and-a-half years sooner than their renting counterparts, research from a broker found.
Read More10 schemes every first-time buyer should know about
As first-time buyers currently make up over a third of mortgage activity, Miller Countrywide estate agency is encouraging anyone aspiring to buy their first home to do their research and look at all the options available to help them take their first step onto the property ladder.
Read MoreMortgage market set for a rebound in 2025
The UK mortgage market is poised for growth in 2025, with lending activity expected to rebound amid improving economic conditions and stabilising interest rates.
According to the latest report from the Intermediary Mortgage Lenders Association (IMLA), gross mortgage lending is projected to increase by 16% to £275 billion, up from £237.5 billion in 2024. This growth is attributed to easing affordability pressures and greater demand for remortgaging as rates settle between 3% and 4%.
Read MoreVolatile housing market this year despite mortgage resilience – Nationwide
Mortgage market activity and house prices proved surprisingly resilient in 2024 given the ongoing affordability challenges facing potential buyers.
That’s the view of the Nationwide, in a market snapshot suggesting a strong start to 2025 after a broadly strong 2024 too.
Read MoreBudget fallout triggers surprise fall in mortgage approvals
The number of mortgage approvals made to home buyers dipped in November, although it remained above the monthly average seen over the past year, according to Bank of England figures.
Some 65,700 mortgage approvals for house purchases were recorded in November. That’s some 2,400 lower than October but above the previous 12-month average of 60,400.
Read MoreSelf-employed first-time buyers still twice as likely to be rejected for a mortgage
40% of first-time buyers gave up being self-employed to ensure they could secure their mortgage repayments, according to new research from Aldermore.
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