You should be aware of extra costs beyond the deposit – and of what’s happening with interest rates
Read MoreBuying your first home in 2025? Here’s everything you need to know
Tag: first time buyer
HSBC relaxes affordability tests to boost FTB lending by up to £39,000
HSBC has eased stress test calculations for homebuyers and remortgagers, adding that the move will mean some first-time buyers will be able to borrow an extra £39,000.
Read MoreThree-quarters of gig economy workers fear mortgage rejection
Around 70% of gig economy workers think their employment status has negatively impacted their ability to secure a mortgage.
Read MoreFive ways for first-time buyers to get on the housing ladder
Mortgage rates are expected to come down over the next year, which could make owning a home a possibility for millions more people.
Read MoreRegulators to consult over mortgage 4.5 times salary LTI threshold
Regulators will consult over raising the loan-to-income flow limit threshold in mortgage lending.
Read MoreStamp duty: What is it, how much is it and how is it changing?
Home buyers in England and Northern Ireland will pay more stamp duty after 1 April, when two key thresholds are reduced.
Read MoreMortgage lender launches Help to Buy alternative
A mortgage lender has come up with its own version of the now defunct Help to Buy Equity Loan scheme.
Read MoreFirst-time buyer mortgage costs are ‘20 per cent lower than rents’ with a £50,000 deposit
First-time buyer mortgage payments could be around a fifth lower than average rents if buyers have a 20 per cent deposit saved
Read MoreBuying cheaper than renting despite tough mortgage stress tests
Zoopla says first-time buyer mortgage payments (an average £1,038 per month) are 20% lower than average rents (£1,248 per month) across Britain.
Read MoreFirst-time buyer? Get £5,000 cashback on your mortgage with this easy tip
From sky-high property prices to chipping away at the deposit fund, getting on the housing ladder in the UK as a first-time buyer is no mean feat.
Read More