First-time buyers will be able to apply for a mortgage with just a £30,000 salary with Nationwide (NBS.L) as the government and Bank of England push for more relaxed lending rules.
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First-time buyers borrowing more but cannot keep pace with house price increases
First-time buyers are borrowing up to 5% more and being offered larger loans, but they are struggling to keep pace with house price rises.
Read MoreLend a Hand mortgage, First Time Buyer Boost and other ways Lloyds support first time buyers
Looking to get on the property ladder or help your children become homeowners? Lloyds could allow first time buyers to borrow up to 22% more than on its standard deals.
Read MoreMultiple lenders slash rates as mortgage competition intensifies
Coventry for intermediaries – the broker facing arm of Coventry Building Society – has cut all of its limited company BTL rates by up to 0.19 percentage points. The cuts are on both remortgage and purchases applications and include two- and five-year fixed rates.
Read MoreRachel Reeves to announce permanent 95% mortgage guarantee scheme
Mortgages offered through the scheme will mean first-time buyers and home movers can buy a home with a deposit of just 5%.
Read MoreMortgage lending rules change could help first-time buyers
First-time buyers could get more access to mortgages after the Bank of England recommended a looser cap on riskier lending.
Read MoreWe Quit! New evidence of massive exodus of landlords from Buy To Let
Shocking statistics have emerged from a survey of the private rental sector, with the Savills agency claiming there are still 31% fewer properties available to rent in suburban areas than there were in 2018/19.
Read MoreFirst time buyers ‘returning to The Smoke’ reveals Rightmove
New analysis by the portal reveals many first-time buyers are looking at properties in cities albeit not in uber-expensive London.
Read MoreMajor update for first-time buyers in England after vital perk scrapped
First-time buyer schemes with tiny deposits to get you on the property ladder quicker have been revealed – as a vital deal ends this week.
Read MoreRachel Reeves’ cash ISA plans would ‘choke mortgages’
Rachel Reeves’ plans to slash the tax-free cash ISA allowance “would be effectively choking mortgage availability” for those who need them the most, a building society’s CEO has said.
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