As many as 67% of first-time buyer are making overpayments on their mortgage with many hoping to become mortgage free by the age of 40.
Read MoreTwo thirds of first-time buyers are overpaying their mortgage
Tag: first time buyer
FTB mortgages up to 17% cheaper than renting, Lloyds says
The average first-time buyer mortgage with a 5% deposit is typically up to 17% cheaper than renting, with an annual saving of £2,700 per year, a report has said.
Read MoreFirst-time buyer: How much can I borrow on my income?
Our mortgage expert Darren Polson is helping a reader who wonders how much they can borrow to make their first step onto the property ladder
Read More5 mortgage myths which could be costing you money
Whether you are a first-time buyer, already on the property ladder or a long-time homeowner, there are many mortgage misconceptions which, if followed, could mean you miss out on opportunities. Here are five myths to watch out for.
Read MoreThis is how much first-time home owners spend on rent before buying – it’s risen £46,621 in a decade
This comes as average monthly rents soared by 5.7% in August.
Read More9 bank statement red flags that could jeopardise your mortgage
When applying for a mortgage your bank statement will go under the spotlight. Here’s how to ensure there are no howlers that might harm your application.
Read MoreHousing minister to meet major banks in push to strengthen first-time buyer support
The housing minister, Matthew Pennycook, and economic secretary to the Treasury, Lucy Rigby, will meet with senior representatives from major high street banks today, as the government steps up efforts to increase homeownership and expand access to affordable housing under its Plan for Change.
Read MoreFrom offer to ownership: steps to take after mortgage approval
New research from Access Law Online highlights how careful preparation can help avoid delays, protect your investment, and ensure a smoother move into your new home.
Read MoreNatWest launches campaign to highlight Family-Backed Mortgage
The new campaign from T&P highlights how buyers can leverage family income to get on the housing ladder.
Read MoreBarclays hikes and Halifax cuts mortgage rates as low-deposit mortgage choice hits 17-year high
Best UK mortgage deals of the week, 4 September.
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