Martin Lewis and mortgage expert Andrew Montlake shared some out-of-the-box ways to get a decent mortgage deal despite debts or bad credit scores
Read MoreMartin Lewis’ expert details how Brits with debt can still secure a mortgage
Tag: firsttimebuyer
Huge shift in interest rate predictions as Bank of England chief says cuts could be more ‘aggressive’
“A bit more aggressive”. Four words from Andrew Bailey have tipped financial markets to now price in an interest rate cut at the Bank’s next meeting on 7 November, sending the pound tumbling as a consequence.
Read MoreMortgage AND rent paid by almost half of first time buyers
Some 45% of first time buyers have to pay both rent and mortgage payments at the same time because they cannot align the end of their rental contract with the purchase of their new home.
Read MoreMortgages at six times’ income for first-time buyers
Mortgage lenders’ attempts to lure in first-time buyers have stepped up with the UK’s biggest building society allowing some to borrow more.
The Nationwide said that from Tuesday, new borrowers could request a mortgage up to six times their income with a 5% deposit.
Read MoreSantander data throws new light on first time buyer hotspots
Santander UK has identified the top rising neighbourhoods that first-time buyers are choosing to purchase in, as moving further away from family, friends and familiar places to get onto the property ladder becomes more common.
Read MoreMortgage rates finally fall for first-time buyers – best deals compared
First-time home buyers and those with smaller deposits have received welcome relief after mortgage rates finally began to fall.
Nationwide, HSBC and NatWest cut their fixed rates on Friday amid “frenetic” competition between big-name mortgage providers. TSB did so for the second time in a week in a rare move.
Read MoreDangers for FOMO mortgage hunters as rates fall
Falling mortgage rates may, at last, be bringing some relief to embattled homeowners and first-time buyers.
In a market described as “frenetic”, lenders are locked in intense competition for new customers while simultaneously trying to hold on to borrowers already on their books.
Read MoreTwo out of five first-time buyers struggle to understand their mortgage options
A total of 41% of five first-time buyers struggle to understand the mortgage options available to them, new research suggests.
The findings by Moneybox were based on a survey of 500 first-time buyers who have bought a property in the past two years.
Read MoreMortgage mistakes to avoid for first-time buyers and wealthy individuals
Navigating the mortgage market can be daunting — we spoke to a finance expert to get some advice that could make all the difference.
In an interview with Yahoo Finance Future Focus, Islay Robinson, CEO of Enness Global finance brokers, offered guidance for those seeking a mortgage.
Read MoreWhat the new government should do to support first-time buyers
During the recent general election campaign, one key point of difference in the parties’ housing policies was that the Conservative Party pledged to introduce a new Help to Buy scheme, whereas Labour proposed alternative housing policies, largely focused on social rent.
Now elected, Labour is already pushing ahead with housing initiatives including greater powers and flexibilities in the Affordable Homes Programme, increased local authority funding for housing (to be announced in the next Budget) and changes to the Right to Buy.
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