First-time buyers are increasingly looking to open a joint-mortgage with a parent to get a foot on the property ladder – a step along from the old bank of mum and dad idea.
Read MoreMortgage with your mum? The rise in families buying together
Tag: first-time buyer
Stamp 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 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.
Read MoreUK banks to shed light on consumer confidence as cheaper mortgages hit market
Some of the UK’s biggest banks are set to shed light on whether borrowers are benefiting from lower interest rates, as the lenders continue to shake off ongoing economic uncertainty.
Read MoreFirst-time buyers face a decade of saving for a deposit
The average first-time buyer would have to save half of their earnings for almost a decade to afford a deposit, new analysis by the Home Builders Federation (HBF) has revealed.
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